Jim Cramer told “Mad Money” viewers that when the market sells like Wednesday, investors need to prepare for a rebound. The market selloff is not a time to panic. Kramer reminded the audience: “No one will panic.” On days like this, you should buy effective tools.
Cramer has identified five bull markets that can handle the surge in COVID-19 cases. The first is the 5G wireless bull market.Kramer reiterated that he likes Qualcomm (Qualcomm)-Get report And Broadcom (AVGO)-Get report.The second bull market is digital, stocks like Microsoft (Microsoft)-Get report Dominant. Kramer said Microsoft does not need a stimulus package to survive.
Followed by the bull market in health.People want to keep everything clean, which is good news for P&G (PG)-Get reportClorox (CLX)-Get report Even L brand (lb)-Get report, It owns Bath&Body Works.
The fourth bull market is in home renovations, where there is a large amount of Home Homepot stock available for purchase (high-definition)-Get reportLowe̵
Finally, Kramer said that there is a bull market in automobiles.Kramer still recommends Ford (F)-Get report As a repurchase of stock, and Tesla (TSLA)-Get report And Lithia Motors (Young man)-Get report.
Persevere in these bull markets, Kramer concluded that your portfolio will thank you, but never panic and dump everything.
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Administrative decision: bed, bath and other
In his first “Executive Decision” section, Cramer spoke with Mark Tritton, President and CEO of Bed Bath & Beyond. (BBBY)-Get reportWhen the retailer tried to reverse its operating conditions that year, its stock price rose 23%.
Tritton said that Bed Bath & Beyond is working hard to provide daily value strategy through an omni-channel but digital-first strategy. He said that customers have always responded positively to these changes.
Tritton said Bed Bath & Beyond will continue to rely on its signature coupons delivered by mail, but these coupons will be further utilized strategically.
When asked about the balance sheet, Triton said that Bed Bath & Beyond, which has $2 billion in cash on hand, will invest in four key areas: technology, supply chain, stores and product assortment. There is also cash available for stock repurchase programs to return value to shareholders.
Tritton is optimistic about the franchise rights of Bye Bye Baby. He said that sales and registration of products are still strong, and baby products are a huge opportunity for the company.
Speaking of the holiday season, Tritton explained that consumers still want to spend special time with family and friends this holiday season, and are still planning gatherings, albeit smaller than in previous years.
Administrative decision: United Parcel Service
In the second “execution decision” section, Kramer also talked with Carol Tome, the new CEO of United Parcel Service. (ups)-Get reportShares of the package delivery giant fell 8.8% on Wednesday after the company refused to provide investors with forward-looking guidance.
Tome, former head of Home Depot, said UPS is a company with a long history and a bright future. She calls UPS a “opportunity-rich” company, and this is just beginning to modernize.
Tome explained that the world is changing and UPS needs to provide new experiences for its customers. The company’s slogan is “better, not bigger” because they aim to serve customers through a new digital experience.
In the past, UPS developed all its own technologies internally, and only introduced new features once a year. But Tome said that UPS is now in a continuous update cycle and can simplify its business whenever possible. Tome admits that UPS is a big ship to turn, but they are ready to meet the challenge.
When asked about the holiday season, Thom said that UPS is preparing for the largest holiday business they have ever seen. The company has taken many steps, including hiring up to 100,000 seasonal employees to meet the “highest peak” of demand.
UPS has also expanded into the healthcare logistics field through two new “freezing yards” (cold yards), which can make their own dry ice to help medicines get where they are needed.
Administrative decision: SoFi
In the final “execution decision” section, Kramer again checked Anthony Noto, the CEO of the privately held company SoFi, which has just launched a new credit card designed to help customers pay off their debts rather than increase debt.
Noto said SoFi’s goal is to be there every moment of its members’ lives, whether they need student loans, home loans, credit cards, insurance or investments. The new SoFi credit card is just another part of its membership journey.
When asked about cryptocurrencies, Noto explained that SoFi Investment aims to provide members with a large number of investment options including Bitcoin. Having said that, he pointed out that cryptocurrency is an “extremely risky” asset class, and SoFi reminds members before investing.
When asked about information about its members, Noto said that although many SoFi members are relatively young and inexperienced in investment, they are also very smart. They quickly adopted new technologies and concepts, such as fractional shares, which made investment easier and more affordable.
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In his “Accessibility Offense” section, Kramer said that people need to stop asking about the impact on our economy if we re-enter the lockdown, and ask what will happen if we take this virus seriously.
Kramer said that Asian countries have taken COVID-19 seriously and have contained the virus, but in the United States, our response is regrettable. He said that bars and restaurants must be closed, masks need to be worn, and our government needs to be ahead of the competition in testing, protective equipment, therapies and vaccines.
Cramer went on to say that it is not enough to pin all our hopes on vaccines. The immunity of the vaccine may only last for a few months. If we want to return to normal, we need a comprehensive plan.
Here are Jim Cramer’s comments on some of the stocks offered by callers during the “crazy money” lightning round on Wednesday night:
DexCom (DXCM)-Get report: “If you haven’t, please start a position in DexCom.”
Niu Technologies (NIU)-Get report: “This is a good company, but I only recommend Alibaba (Baba)-Get report And JD.com (Jingdong)-Get report Speaking of China. “
Kidder (QDEL)-Get report: “I like all medical device manufacturers. I also like Thermo Fisher Scientific TMO.”
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At the time of release, Cramer’s Action Alerts PLUS had a place in MSFT and UPS.