Jim Cramer Reacts to Thor Industries Earnings
Jim Cramer said millennials played a big part in Thor Industries' colossal earnings beat.
TheStreet's founder and Action Alerts Plus portfolio manager Jim Cramer said that Thor Industries' (THOR) - Get Report colossal earnings beat had a lot to do with changing consumer wants and needs. The company sells recreational vehicles designed for travel and camping.
Cramer said that young people are deviating from the consumer goods economy that dominated previous generations. "Owning things, unless they can generate some sort of experience, just doesn't resonate with millennials," Cramer said.
Thor's CEO will appear on tonight's edition of Mad Money.
Watch More with TheStreet:
- Bitcoin Is a Fraud, 'Wolf of Wall Street' Jordan Belfort Proclaims
- 5 Corporate Videos You Unfortunately Can't Un-See
- The Worst Financial Crash You Have Ever Seen Is Coming: Jim Rogers Survival Tips
- Here's How Dunkin' Donuts Is Winning the Coffee Wars
