Tags: jim cramer | 10 stocks | year end | rally | investors

Jim Cramer: 10 'Up Stocks' to Bet on a Year-End Rally

By    |   Friday, 20 November 2020 01:51 PM

Investment guru Jim Cramer has suggested 10 “up stocks” he sees as solid bets to rise amid a year-end stock rally amid hopes of successful coronavirus vaccines.

“We call them up stocks, the ones that go up all the time and barely ever go down,” Cramer said on CNBC.

“I expect these 10 up stock winners to keep winning as we approach the end of the bizarre year that was 2020,” the “Mad Money” host said.

“Money managers pile into these up stocks to show their investors how smart they are when they have to reveal their holdings at the end of the year,” he said.

Cramer's 10 picks:

  1. Square - $191.66, up 206% year to date
  2. PayPal - $190.90, up 76%
  3. Tesla - $499.27, up 497%
  4. Roku - $255.67, up 91%
  5. Amazon - $3,117.02, up 69%
  6. ServiceNow - $514.33, up 82%
  7. Okta - $232.45, up 101%
  8. RingCentral - $296.90, up 76%
  9. Twilio - $295.64, up 201%
  10. Target - $171.37, up 34%

However, not everyone is so optimistic about the market's future. As winter approaches, U.S. equity investors also are weighing brightening prospects for a COVID-19 vaccine against a resurgence of the pandemic across the United States.

Several market strategists have predicted significant gains in U.S. stocks in 2021, as long as Congress passes further fiscal stimulus and a vaccine becomes widely available in the first half. But the path for stocks could be bumpy while investors await those developments, they recently told Reuters.

Over the past few weeks, investors had largely looked past immediate risks from the pandemic. The benchmark S&P 500 index recently soared to record highs on evidence of high efficacy rates in two experimental vaccines - from Moderna Inc and jointly from Pfizer Inc and BioNTech SE. Both vaccines could be ready for U.S. authorization and distribution within weeks, Health and Human Services Secretary Alex Azar has said.

Still, the pandemic remained an immediate threat as the number of U.S. deaths from the disease has climbed past 250,000, the CDC said

For his part, Howard Marks, the dean of distressed-debt investing who turned bullish within days of the sector’s 2020 low, is back to a cautious stance now that the ensuing rally has whittled attractive targets down to pre-pandemic levels.

“When the level of optimism is high, there is usually more room for disappointment,” Marks, the co-founder of Oaktree Capital Group, said in a recent Bloomberg telephone interview. “The main way to achieve high returns in a low-return world is through taking increased risk. And I don’t think this is the climate to take more risk,” Marks said.

“Trying to predict market sentiment gets you into trouble,” he said in the interview. Nevertheless, Marks has doubts about the wisdom of buying at current prices.

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Investment guru Jim Cramer has suggested 10 “up stocks” he sees as solid bets to rise amid a year-end stock rally amid hopes of successful coronavirus vaccines.
jim cramer, 10 stocks, year end, rally, investors
Friday, 20 November 2020 01:51 PM
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