CNBCs Jim Cramer On Wednesday, every stock on its “go” list announced that it had added points to its share prices during the trading day to signal that the country could get a grip on the public health crisis.
“The stocks on my go list are screaming despite the skyrocketing surge [Covid-19] Falling number, “the”Bad money“Host said, adding that the country will start fighting the virus in” a few months “.
The components on Cramer’s list are companies that would make “breathtaking year-on-year comparisons” if the global pandemic were to end. The basket of nearly a dozen stocks includes chemical, entertainment, finance, apparel, and rail companies.
“Every single stock on my ‘Go’ list,” said Cramer, “was active today, which means something very big could be going on. That is most unusual.”
Along with these games, the key averages all rose as investors expected Washington legislators to conclude another stimulus package to lift small businesses, tenants, and the unemployed while the economic consequences of the ban continue.
The 30 shares Dow The industrial index rose 1.39% or 373 points to 27,201.52. The S&P 500 rose 0.64% to 3,327.77 and the Nasdaq Composite Profits for the sixth consecutive session rose 0.52% to 10,998.40.
For comparison: The Cramer Covid-19 index, which is made up of 100 stocks that benefit from the home environment, declined 0.2%.
All but one on Cramer’s watchlist outperformed the Dow as the majority of stocks rose more than 3%. Neither is a stimulus game, they need a vaccine to get society back to feeling normal.
“Right now, the go-list is that by this time next year we will have found a way back to normal, or at least almost normal, and it will likely happen much sooner,” the hosts said.
Cramer said the rally in these stocks is a sign that money managers are more confident about the prospects for approval and distribution of a Covid-19 vaccine, or that bear investors are giving up their thesis.
“These are the vaccine games that need a Covid vaccine or therapeutic to really thrive,” he said, “and right now they’re saying loud and clear that a vaccine is coming – probably sooner than most people think.”
Cramer’s return to normal games brought the following results on Wednesday:
- Emerson Electric4.5%
- PPG Industries3.6%
- DuPont, 3%
- Ralph Lauren2.7%
- Union Pacific, 2.2%
“When my go-list … turns green – something we haven’t seen in weeks – it tells me that many money managers are either getting more optimistic about the prospect of a vaccine or therapeutic, or at least the bears in the towel throw, “said Cramer.
“I’m not saying you have to bet on science at all, although this action makes it clear that it’s a very bad idea to bet against it.”
Disclosure: Cramer’s charitable foundation owns shares in Disney and DuPont.