News – USA – Jim Cramer reveals reopening of stocks for investors to play amid rotations

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Money goes to reopening games as investors adjust their portfolios and become more optimistic about a US recovery Economy later that year, said CNBC’s Jim Cramer on Monday
Tech stocks, which benefited greatly from coronavirus restrictions in place last year, suffered huge losses during the session as stocks of companies in lockdown-damaged travel and industrial spaces rose

Cramer pointed out that investors could take advantage of the uptrend in stocks to rebound, but suggested keeping exposure to growth stocks ideal

“It’s not too late to make a big bet on reopening stocks, but be sure to slump a few of the better growth names on the way down,” said the Mad Money host after the market closed “This rotation won’t end anytime soon, but it will end and eventually you need to be prepared for the other side of the trade”

The comments come after a one-sided trading day with the Dow Jones Industrials Index rising to new highs while the S&P 500 and the tech-heavy Nasdaq Composite resumed last week’s declines

The blue chip index closed at 3152169 after 27 points or 009% The S&P 500 experienced its fifth consecutive loss day, retreating 077% to 387650 The Nasdaq had its worst day in nearly a month, falling nearly 25% by 1353305

Technology, consumer staples and utilities were among the biggest losers on the day, while energy and financial stocks outperformed

During the US.The country with the world’s highest number of Covid-19 fatalities hit 500 earlier in the day000 victims another important milestone Daily number of new cases in the country is falling due to a spike during the holiday season Investors are increasingly optimistic that governments will further ease restrictions on businesses

“Think about what you will do when the economy opens up again, and like most Americans, your balance sheet has never looked better because there was nothing to spend your money on,” Cramer said. “This is how you get half of that step, the consumer side The other half? It’s about what the reopening means for the business and what we are doing overseas “

Some of Cramer’s favorite games for the moment are in the travel sector, which has been severely hampered by the pandemic.His favorites include Disney, Marriott, Wynn Resorts, Southwest Airlines, and Royal Caribbean.Each of these stocks, with the exception of Royal Caribbean, rose between $ 25 % and 46% during the session The cruise ship’s shares rose 9% to $ 8623

in the fourth quarter prior to market opening despite a 99% year-over-year sales decline

With a return to travel, Cramer is also betting on more business for credit card companies like Visa, Mastercard and American Express. Their stakes all ranged between 175% and 322% during the session

Estee Lauder, Caterpillar, Nucor and Simon Property Group round out his other favorites for the current market environment With the exception of Estee Lauder, these stocks all rose more than 3% on Monday

“We all know the day was coming, the day we could see the light at the end of the tunnel, we knew the stock reopening would jump ahead of schedule,” said Cramer. “This is exactly what is happening with these right now You’re not early for names, but that doesn’t mean you’re too late either “

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News – United States – Jim Cramer Reveals Reopening Stocks Investors Can Play Amid Rotations

Source: https://www.cnbc.com/2021/02/22/jim-cramer-reveals-reopening-stocks-to-play-amid-market-rotation.html