Watch: Not All Things Millennials Love Are Great Investments, Says Jim Cramer
Don't be so quick to invest off millennials.

Truth.

Hot On Real Money

"Just because millennials love it doesn't mean you should buy it," says TheStreet's founder Jim Cramer in his latest Real Money column

Adds Cramer: "There's only one issue: just because millennials like something doesn't mean that you should buy the stock. Yesterday Morgan Stanley put the cruise liner stocks (such as Carnival (CCL) ) in the hurt locker by pointing out that higher fuel costs and the stronger dollar are contributing to weaker gross margins and order softness. And, once again, we hear that too many cruise ships just came on the market precipitating ticket weakness. It doesn't matter how many millennials are buying tickets if those three factors aren't behaving. They are no panacea."

Watch Cramer and TheStreet's Scott Gamm discuss this topic live from the floor of the NYSE below. 

About That Weed

Millennials love their weed, so here is a dose of optimism. A new study from Deloitte found that Canadians are expected to spend as much as $7.17 billion on cannabis products in 2019 following the legalization of recreational weed later this year. Overall consumption is expected to jump 35%, too.

How to Play Today's Risky Markets. Click here and register for free to watch what top experts from Bank of America, Fisher Investments, Invesco and Wells Fargo say smart investors should do now.

More from Stocks

The Good Times Keep Rolling for Tilray as Stock Jumps on New Partnership

The Good Times Keep Rolling for Tilray as Stock Jumps on New Partnership

Dow Trades Higher for a Fourth Day, S&P 500 Nears Record

Dow Trades Higher for a Fourth Day, S&P 500 Nears Record

Remember, the Federal Reserve Is an Independent Body

Remember, the Federal Reserve Is an Independent Body

How to Trade Lululemon After Its Meteoric Rise

How to Trade Lululemon After Its Meteoric Rise

Tesla Stock Is Rallying Again But You Must Watch Moves in This Market

Tesla Stock Is Rallying Again But You Must Watch Moves in This Market