Cramer Thinks Credit Card Stocks Could Be Winners Of Economic Reopening
Jim Cramer is sharing thoughts on why some stocks are trading higher or lower that shouldn’t be.
Cramer on Credit Cards: The discussion Monday morning on CNBC showed that many of the large banks were trading higher.
“Visa and Mastercard are the real winners of reopening, not JPMorgan.”
Other Cramer Picks: Cramer said Abbvie Inc (NYSE:ABBV) is a stock to watch as Botox sales recover post-COVID.
Cramer said Home Depot Inc (NYSE:HD) looks strong going forward and the end of the home improvement narrative is “overblown.”
Cramer also called the selloff in Advanced Micro Devices Inc (NASDAQ:AMD) “wrong.”
Cramer said there is no catalyst for recovery in Marriott other than the vaccine: “I think you should sell Marriott after rally.”
One of the stocks trading down on the vaccine news is Zoom Video Communications (NASDAQ:ZM): “We’re trying to find a level to buy Zoom. Zoom is here to stay.”
Cramer thinks a stimulus could be harder to accomplish under the current lame-duck session at the end of Donald Trump’s presidency.
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