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Jim Cramer On How To Play Stocks On Election Night

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Jim Cramer On How To Play Stocks On Election Night

Jim Cramer shared his thoughts on the upcoming election and a potential blue wave.

Cramer On The Election: “Let’s see if people can fight the blue wave,” Cramer said Thursday morning on CNBC. He's concerned about a potential blue wave and that “you have to be.”

He went on to describe a blue wave as: short and cover when the election night really ends because there’s a lot of stocks in a blue wave that would be crimped by a “hijack of the far left.”

Cramer On A Game Plan: He went on to give a game plan for investors to make “real money.”

“Short the managed care stocks into a blue wave. The managed care stocks then drop 10%, then you buy the managed care stocks, leading with Centene (NYSE: CNC) and maybe United Health (NYSE: UNH). Pfizer (NYSE: PFE) goes down to $32 ahead of the election, drops to $31.50, people think they made a lot of money, you buy Pfizer,” said Cramer.

"This is what you do, I just gave it to you."

Potential Winners Under Biden: Cramer last week discussed his “basket of winners” if presidential candidate Joe Biden were to win the election.

He believes investors will go towards the solar industry. Two solar stocks he likes: First Solar (NASDAQ: FSLR) and Tesla (NASDAQ: TSLA).

Cramer also thinks infrastructure will be a winner under Biden. Cramer likes these two infrastructure stocks: Caterpillar (NYSE: CAT) and Deere & Company (NYSE: DE).

 

Related Articles (CNC + UNH)

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Posted-In: 2020 presidential election CNBCLong Ideas Short Ideas Politics Media Trading Ideas General