Jim Cramer unveils list of ‘return to normalcy’ stocks to buy on vaccine optimism

Investing

After Wall Street digested more positive coronavirus vaccine news and investors grew more optimistic on the reopening trade, CNBC’s Jim Cramer on Monday unveiled a list of “return to normalcy” stocks.

“I think you have to buy a couple of these vaccine winners on any weakness, although when it comes to retail, I just say buy some, period, because there’s no time to wait for a dip,” the “Mad Money” host said.

The comments come after AstraZeneca, in collaboration with the University of Oxford, said earlier in the day that its Covid-19 vaccine candidate was up to 90% effective at preventing contraction of the disease that has led to hundreds of thousands of deaths in the U.S. It was the third drugmaker this month to announce positive data in its vaccine study.

The news buoyed stocks, with the Dow Jones rallying nearly 328 points, or 1.1%, to a 29,591.27 close. The S&P 500 was lifted 0.6% to 3,577.59 and the Nasdaq Composite, full of tech components, climbed 0.2% to 11,880.63.

“No matter what, I’d pick two or three of these names, then wait for the next piece of bad news that freaks people out so you can buy them into weakness,” Cramer said.

“If you just owned the stay-at-home names, you got bushwhacked today. But don’t worry, I think you’ll get another chance to pick up some of these vaccine winners at lower levels.”

Aerospace

Retail

Vaccine distribution

Travel

Restaurants

Oil

Autos

Financials

Disclosure: Cramer’s charitable trust owns shares of Mastercard, Honeywell International, Walt Disney, DuPont and Boeing.

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagram

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Products You May Like

Articles You May Like

Intel says an earnings slide may have leaked early, which is why it released results before close
United Airlines CEO wants to make Covid vaccines mandatory for employees — and encourages other companies to do the same
Here’s what it costs to book Disney’s new cruises to Antarctica and the Galapagos Islands
United’s losses mount but airline expects to surpass 2019 margins in 2023
P&G raises forecast after earnings top expectations, fueled by 8% jump in sales

Leave a Reply

Your email address will not be published. Required fields are marked *