Warren Buffett

Jim Kramer advised several dozen promising stocks

Summary

Jim Cramer advises what stocks to buy after the worst market sell-off since March Description video: \”You go with companies that will be able to hit their numbers regardless of how badly this economy gets hit by all these new […]

Jim Cramer advises what stocks to buy after the worst market sell-off since March

Description video:
\”You go with companies that will be able to hit their numbers regardless of how badly this economy gets hit by all these new Covid hot spots,\” the \”Mad Money\” host said.\n\nAfter a calamitous day of stock trading Thursday, CNBC’s Jim Cramer broke down where investors can find buying opportunities in the market.\n\n“In a tough market, you need to circle the wagons around the few good names you feel comfortable buying and then buying more if they go lower, because they might in case the neophytes are in there,” the “Mad Money” host said. “And those recovery plays, sadly, they’re not recovering.”\n\nCramer advised that investors be careful when putting more money to work here, foreseeing further moves lower. \n\n“That’s why you need to tread carefully when you buy tomorrow, because when these novices start capitulating we could get another leg down. However, you should start putting money to work tomorrow,” he said.\n\nThe host suggested that investors buy into companies that can meet earnings expectations, despite the ongoing downturn in the economy. He recommended circling back to stocks listed on the Cramer Covid-19 Index, particularly those that are offering attractive dividend yields and are well off their highs, like PepsiCo.\n\nCompanies riding secular themes and others reinventing themselves are also good buys, said Cramer, highlighting Nvidia, AMD, Broadcom, PayPal, Nike, Apple and Facebook.\n\n“You go with companies that will be able to hit their numbers regardless of how badly this economy gets hit by all these new Covid hot spots.”\n\nSeparating the wheat from the chaff, the former hedge-fund manager delivered a scathing critique of investors who spent weeks piling money into the airline, cruise line, retail and other companies most damaged by the demand sap caused by the coronavirus pandemic.\n\n“When it gets that easy, when everyone thinks they’re smarter than … Warren Buffett,” Cramer said, “then you know you’re in for a real bruising, a genuine rollback that wipes out anyone who was buying on margin and sets back the neophytes who only knew that when you buy a stock it goes up.”\n\nAfter posting strong gains in prior weeks on reopening hopes, the major averages suffered their worst declines since the height of the coronavirus sell-off in March. The Dow shed more than 1,860 points, almost 7%, to close at 25,128.17. The S\u0026P 500 and the Nasdaq Composite, which closed above 10,000 for the first time ever the day prior, both plunged more than 5%, to 3,002.10 and 9,492.73, respectively.\n\nFor access to live and exclusive video from CNBC subscribe to CNBC PRO: \nhttps://cnb.cx/2JdMwO7 \n \n» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision\n» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC\n» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic\n \nTurn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.\n \nConnect with CNBC News Online\nGet the latest news: http://www.cnbc.com/\nFollow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC\nFollow CNBC News on Facebook: https://cnb.cx/LikeCNBC\nFollow CNBC News on Twitter: https://cnb.cx/FollowCNBC\nFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBC\n \n#CNBC\n#CNBC TV

Jim Kramer advised several dozen promising stocks

“Mad Money” host Jim Kramer of CNBC on Monday revealed the contents of a basket of stocks from a variety of industries and topics that he encourages investors to watch..

Jim Kramer advised several dozen promising stocks

«I am not looking for assets that are hot to the limit. I need thematic promotions that can be purchased on the bottom. If the market starts to run wild, I want to be ready for it.», – he said. 

Kramer has compiled a list of over 70 companies. This was largely influenced by the recent events with the abnormal growth of GameStop assets. This week video game retailer shares have already lost more than 60%, while major indices showed a strong start on the first trading day of February.

Index Dow jones industrial average rose 229 points to close at 30,211.91 points with an increase of 0.76%. Index S&P 500 closed at 3,773.86, up 1.61% on Friday, and the Nasdaq Composite stopped at around 13,403.39, which is 2.55% more than in the last days of January.

Dow Blue Chip Index Down More Than 1% YTD. Nasdaq rose 4%.

«I’m sure on this rich list investors will be able to find interesting positions for themselves», – thinks the host.

Below are a few segments from Kramer’s portfolio.

E-commerce:

– Amazon
– Walmart
– Target
– Shopify
– Microsoft
– Adobe
– Salesforce
– ServiceNow
– Facebook
– Alphabet
– Etsy

Digital:

– Snowflake
– Salesforce
– Adobe

Cybersecurity:

– CrowdStrike
– Palo alto networks
– Zscaler
– Okta

5G:

– Skyworks Solutions
– Apple
– Qualcomm
– Qorvo
– Crown Castle
– Marvell Technology
– T-mobile
– Broadcom
– Inseego
– NXP Semiconductors

Fintech:

– PayPal
– Square
– Affirm
– Intuit
– IPOE (SoFi)

Healthcare:

– Thermo Fisher Scientific
– Danaher
– Eli lilly
– Teladoc Health
– Abbott Laboratories

Electric vehicles:

– General motors
– MP Materials
– Quantumscape
– TPG Pace Beneficial Finance
– Luminar Technologies
– Ciig merger (Arrival)
– Northern Genesis Acquisition (Lion Electric)