Jim Cramer: Time to lighten up on some of those coronavirus stocks Description video: \”I suspect the cyclicals, industrials and banks could lead us from here, not the Covid stocks, although that doesn’t mean they’ll get destroyed,\” the \”Mad Money\” […]
Jim Cramer: Time to lighten up on some of those coronavirus stocks
\”I suspect the cyclicals, industrials and banks could lead us from here, not the Covid stocks, although that doesn’t mean they’ll get destroyed,\” the \”Mad Money\” host said. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6 \n\nCNBC’s Jim Cramer on Tuesday advised investors that it’s time to lock in the gains from the run in the pandemic plays and get more exposure to the recovery\n\nCramer, who crafted the Cramer Covid-19 Index of 100 stocks he projected would benefit from the lockdown environment, signaled that he’s warming up to the economic recovery thesis as the market rebounds from the coronavirus-induced slowdown that started in the first half of the year.\n\n“You need to stick with what I call the barbell, meaning own some recovery stocks and some Covid stocks, but I do think it’s time to lighten up on some of those Covid names and swap into more stocks that are like Honeywell and DuPont,” the “Mad Money” host said.\n\n“Don’t be greedy with the Cramer Covid-19 index [names]. As we get closer to slowing [the pandemic], it will be time to ring the register on at least some of the stocks that do better when Covid thrives,” he continued.\n\nThe comments come after the major averages all tumbled during the trading day, a down-day that was driven by late-afternoon selling to snap a multi-day winning streak in the Dow industrials and S\u0026P indexes. The Dow Jones slid more than 104 points, or 0.4%, to finish at 27,686.91. The S\u0026P 500 dropped 0.8% to 3,333.69 and the Nasdaq Composite fell for the third-straight session 1.7% to 10,782.82.\n\nCramer characterized the day as the third in a rotation from the fastest-growing pandemic winners into the laggards. The top pandemic plays were largely in the technology space, especially stocks of companies that benefited from the work-from-home environment, such as Zoom Video, Big Tech and cybersecurity investments.\n\n“Now, though, there are plenty of signs that we’re leaving the trough, at least for the publicly traded companies that have been stuck there — the recovery plays,” Cramer said. “I suspect the cyclicals, industrials and banks could lead us from here, not the Covid stocks, although that doesn’t mean they’ll get destroyed.”\n\nCramer pointed out, however, that the market is not representative of the broader economy, which continues to be challenged by a double-digit unemployment rate, looming rent crisis and ongoing uncertainty in containing the spread of the deadly Covid-19 disease. Still, there are signs that the worst could be behind the market.\n\n“If you think we’ll be in the clear six months from now, then you have to swap into the recovery stocks now, because if you wait for the” all-clear signal, “I promise you you’ll be too late,” the host said.\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 \nFor info on the best credit cards go to CNBC Select: \nhttps://www.cnbc.com/select/best-credit-cards/ \n\n#CNBC\n#CNBCTV
Jim Kramer advised several dozen promising stocks
‘Mad Money’ anchor Jim Kramer of CNBC on Monday revealed a basket of stocks from a variety of industries and topics he recommends investors watch..
«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.
– Palo alto networks
– Skyworks Solutions
– Crown Castle
– Marvell Technology
– NXP Semiconductors
– IPOE (SoFi)
– Thermo Fisher Scientific
– Eli lilly
– Teladoc Health
– Abbott Laboratories
– General motors
– MP Materials
– TPG Pace Beneficial Finance
– Luminar Technologies
– Ciig merger (Arrival)
– Northern Genesis Acquisition (Lion Electric)