CNBC’s Jim Cramer on Monday released a list of stocks he expects to benefit from the “last man standing scenario”.
“After a year of slaughter, large, pocket-sized companies triumph over smaller competitors who failed.”Bad money“Host said.
The scenario will play out briskly in the restaurant industry, Cramer said.
Last year, in the middle of the Covid-19 pandemic, there were more than 110,000 eating and drinking establishments shut down temporarily or permanently. The impact resulted in the loss of 2.5 million jobs in the industry, according to the National Restaurant Association.
Coronavirus restrictions in New York City also pushed Cramer to close the doors of his two Brooklyn neighborhood restaurants until coronavirus vaccines spread and the U.S. health crisis got under control.
“Now that tens of thousands of small businesses have gone down so sadly and unfortunately, their bigger rivals are the last of the men, which means they will make a fortune as the country reopens because there is no one left to challenge them.” “”