Tags: jim cramer | 9 stocks | any president | virus cases

Jim Cramer: 9 Stocks for Uncertain Election, Raging Virus

(Dreamstime)

By    |   Friday, 06 November 2020 12:28 PM

Investment guru Jim Cramer recently suggested nine stocks that could thrive no matter which candidate wins Tuesday’s presidential election and despite surging coronavirus cases.

“All of these names would work under both candidates,” the “Mad Money” host said on CNBC. “They’re COVID winners and COVID will be with us regardless of who wins.”

Here are his picks that he thinks have prepared for an uncertain future in the fight against coronavirus:

  • Amazon (AMZN): “If you go over the latest quarter, Amazon said it’s on target to spend its entire fourth-quarter earnings on safety. They’ve made a huge bet that we’re going to have a hard winter,” Cramer said. “If Covid cases keep spiking ... Amazon will be ready, meaning their supply chains will remain intact.”
  • Chipotle (CMG): “Chipotle’s the only restaurant chain with a comprehensive plan to deal with this new wave of infections,” he said. “These guys figured out that they can make just as much money without indoor dining by investing heavily in takeout and delivery.”
  • Domino’s Pizza (DPZ): The pizza chain “barely had an indoor presence to begin with. It’s all delivery” or takeout, Cramer said.
  • Target (TGT), Walmart (WMT): “They’ve been preparing for Biden or Trump. Even if we go back into full lockdown, they’ll be able to stay open like they did in the spring because they’re considered essential,” he said.
  • Abbott Laboratories (ABT), LabCorp (LH): “If a Biden administration decides to spend a lot more money on testing, you want to own one of the testing plays,” the host said.
  • Clorox (CLX): “Everybody buys more Clorox when infections spike,” he said.
  • Estee Lauder (EL): “Estee Lauder’ is surprisingly essential right now because masks give so many people acne,” Cramer said.

Meanwhile, a definitive result on the next U.S. president may still be elusive, but just days after Election Day, investors are back in "buy-everything" mode - counting on Republicans keeping control of the Senate and limiting regulatory change as well as on full central bank support.

Some analysts forecast that the rally would keep going, especially if bond yields, which dramatically reversed post-Election Day, stay low, Reuters said.

"There is ample room for a 10% further rally assuming bond yields and earnings prospects remain where they are," Michael Purves, chief executive of Tallbacken Capital Advisors, said in an email.

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Investment guru Jim Cramer recently suggested nine stocks that could thrive no matter which candidate wins Tuesday’s presidential election and despite surging coronavirus cases.
jim cramer, 9 stocks, any president, virus cases
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2020-28-06
Friday, 06 November 2020 12:28 PM
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