Jim Cramer discusses the future performance of the 9 "pandemic plays" that experienced growth on Monday.
- On Monday, CNBC's Jim Cramer stated that certain pandemic-era winners experienced a rally and may maintain their recovery, while others may struggle.
- The "Mad Money" host advised taking pandemic plays on a case-by-case basis when there is no Covid upsurge, as seen in the so-called pandemic plays.
On Monday, CNBC's Jim Cramer stated that certain pandemic-era winners experienced a rally and may maintain their recovery, while others may struggle.
The "Mad Money" host advised taking pandemic plays on a case-by-case basis, stating that some of them are one-and-done moves, while others have overshot their downside and can bounce for more than one day before running out of steam.
On Monday, the Nasdaq Composite experienced a 1.9% increase after Elon Musk, CEO, purchased a 9.2% stake in Twitter. The Dow Jones Industrial Average and S&P 500 also rose, with the Dow gaining 0.3% and the S&P 500 advancing 0.8%, both seeing growth for the second consecutive session.
Cramer discussed nine companies that performed well on Monday and shared his insights on each of them.
Here is his analysis of each company:
Cramer expressed optimism about Peloton, stating that he believes it's a worthwhile long-term investment, even if this quarter's performance is weak, with CEO Barry McCarthy leading the company.
Cramer stated that Zoom "absolutely must do more than just being a well-managed video conferencing company. If they remain stagnant, then I am out," he said.
Cramer stated that he believes DocuSign must adapt to perform effectively post-pandemic as more deals will be conducted in person. He added that he predicts the stock will decline further.
If Elon Musk does not make a significant move, Cramer predicts that Monday's rally will be a short-lived event.
Although Cramer has high long-term expectations for the company, he cannot recommend its stock due to its current financial losses.
Cramer stated that the company needs to grow into its market cap in order to succeed, although it currently works on a longer-term basis.
Cramer stated that he thinks Etsy's stock value should be increased.
Cramer stated that PayPal's growth is slowing down, and this company will continue to underperform.
Cramer stated that the stock is not overly cheap, but AMD is a top semiconductor company with a strong enterprise focus, which aligns with the current market trend.
Disclosure: Cramer’s Charitable Trust owns shares of PayPal and AMD.
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