The stock market can be a daunting place for retail investors, especially in today’s fast-paced and ever-changing landscape. That’s why it’s always helpful to turn to the experts for guidance and insights. One such expert is Jim Cramer, the renowned host of CNBC’s Mad Money and a seasoned investor with a proven track record. In a recent segment, Cramer shared his thoughts on 12 stocks that he believes are worth considering in the current “idea-driven” market. Let’s take a closer look at his picks and see what actionable advice we can glean from them.
First on Cramer’s list is Zoom Video Communications (ZM), a company that has seen a surge in demand for its video conferencing platform during the pandemic. Cramer sees this trend continuing even as things start to return to normal, making Zoom a strong long-term play. Another company that has benefited from the pandemic is Teladoc Health (TDOC), a telemedicine provider that Cramer believes is here to stay. With the rise of virtual healthcare, Teladoc is well-positioned for growth.
Cramer also suggests looking into companies that are disrupting traditional industries. One such company is Square (SQ), a digital payments platform that is changing the way we pay for goods and services. Cramer also has his eye on Tesla (TSLA), the electric vehicle pioneer that continues to innovate and expand its reach. And for those interested in the e-commerce space, Cramer recommends Shopify (SHOP), a platform that helps businesses sell their products online.
It’s not just about technology, though. Cramer also highlights the importance of diversifying your portfolio. He suggests investing in pharmaceutical giant Pfizer (PFE), which has a strong pipeline of drugs and a healthy dividend yield. And for those looking for a retailer with a solid track record, Cramer recommends Costco (COST), a membership-based warehouse chain known for its loyal customer base and strong financials.
In summary, Cramer’s picks for the idea-driven market include companies that are benefiting from current trends, disrupting industries, and offering diversification opportunities. As a retail investor, it’s important to do your own research and make informed decisions, but Cramer’s insights can serve as a valuable starting point for your investment journey.