CNBC’s Jim Cramer on Wednesday announced a handful of stocks that he believes will do well in the emerging “hybrid world”.
The “Bad money“The host is betting that many people will follow some pandemic routines as health restrictions for Covid-19 ease and more offices reopen in the coming months. This is why Cramer recommended investors get involved in the hybrid economy.
“We’re moving into a hybrid world where the staying-at-home habits are persistent, but you also have opportunities to go out and do things,” he said. “You have to stick with the stocks that win one way or the other.”
Cramer pointed out the following stock picks as hybrid games:
All but two of Cramer’s picks have posted double-digit gains this year, outperforming the broader market. Williams-Sonoma is the group’s biggest winner, up more than 75%. Walmart and McCormick are down 3% and nearly 7%, respectively, in 2021.
Cramer’s recommendations came after the S&P 500 hit a record close on Wednesday.
Disclosure: Cramer’s charitable foundation owns shares in Walmart.