If you’re an investor looking for some guidance on where to put your money, you may want to pay attention to what Jim Cramer has been saying. The well-known host of CNBC’s Mad Money recently shared his top 12 stock picks, and they could be worth considering for your portfolio.
First on Cramer’s list is Amazon, a company that needs no introduction. Cramer believes that Amazon’s e-commerce dominance, along with its cloud computing division, makes it a strong bet for the future. Next up is Alphabet, the parent company of Google. Cramer believes that Google’s advertising business and its potential in the healthcare industry make it a solid investment.
Another notable pick from Cramer is NVIDIA, a company that specializes in graphics processing units and artificial intelligence. Cramer sees potential for NVIDIA to continue its growth as more industries turn to AI technology. He also mentions Apple, Microsoft, and Salesforce as strong tech picks.
Moving outside of the tech sector, Cramer’s list includes Home Depot, a company that has seen a surge in demand during the pandemic as people focus on home improvement projects. He also recommends Procter & Gamble and Coca-Cola as reliable consumer staples stocks.
In the healthcare sector, Cramer highlights Bristol Myers Squibb, a pharmaceutical company with a strong pipeline of drugs in development. He also mentions biotech company Moderna, which has been in the spotlight for its COVID-19 vaccine.
Cramer rounds out his list with two utility companies, NextEra Energy and Dominion Energy, which he sees as solid long-term investments.
While it’s always important to do your own research and make investment decisions that align with your goals and risk tolerance, Cramer’s top 12 stock picks provide valuable insight into the companies he sees as strong contenders in the current market. So, if you’re looking for some potential stocks to add to your portfolio, it may be worth taking a closer look at Cramer’s picks.