CNBC’s Jim Cramer on Tuesday reviewed shares which have put up the most important features because the inception of his Cramer Covid-19 Index.
The index, which was first developed within the throes of the well being and financial crises in April, consists of shares that Cramer predicted would profit from each the disruption and recession that adopted the coronavirus outbreak.
“We put 100 shares into this checklist, however you may actually break them into two teams: those that profit from the stay-at-home economic system and those that work in a recession,” the “Mad Money” host mentioned. “Almost 5 months later, the work-from-home tech shares have given you extraordinary features, whereas the normal slowdown shares they laid an egg.”
The index reached a peak shut close to 164 on Wednesday and has since declined greater than 9% nearly per week later as a part of a market sell-off that knocked the high-flying tech shares available on the market and main averages off their highs.
Since its creation in late April, the Cramer Covid-19 Index has grown nearly 22% as of Tuesday. By comparability, the S&P 500 is up about 18% in that very same interval relationship again to April 24.
The largest gainers on the index are “know-how firms that assist us address the pandemic, and whereas they’ve all been getting crushed over the previous few days, I feel many can bounce,” Cramer mentioned.
Fastly: up 253% to $81.08
“Whereas Fastly’s nonetheless very costly right here, it’s a textbook stay-at-home economic system play,” Cramer mentioned.
Livongo Health: up 200% to $123.10
“The digital well being coach that is merging with Teledoc to create a full-service on-line well being care system,” he mentioned.
Peloton: up nearly 170% to $85.60
“I do know lots of people have been skeptical of this firm that makes related train gear, however with gyms closed, it is one of the best ways to work out,” Cramer mentioned.
Square: up 124% to $139.11
“I feel this cost know-how inventory’s been gaining adherents as a result of cash managers need to personal financials with minimal credit score threat, they usually additionally need one thing that permits digital funds,” the host mentioned. “They have an incredible cost ecosystem, however small companies are unhealthy purchasers to have proper now.”
Zoom Video: up almost 121% to $350.88
“They’ve gone from zero to family title within the blink of a watch. Even after we beat Covid, Zoom’s right here to remain,” he mentioned.
Twilio: up greater than 105% to $226.16
“That is an enterprise software program play that helps app builders talk with their very own purchasers,” Cramer mentioned. “They make it simpler for firms like Lyft and Airbnb to ship you texts.”
Zscaler: up 97% to $133.17
“Zscaler’s the top-performing cyber-security play,” he mentioned.
DocuSign: up nearly 96% to $205.63
“This one took a header when it reported final week, however even after the current shellacking, it is nonetheless almost double since we created the index,” Cramer mentioned. “The quarter was good, [but] no one cared due to the sell-off.”
Datadog: up 91% to $79.98
“DataDog is a wonderful analytics firm that does cloud monitoring,” he mentioned.
Wix.com: up nearly 86% to $249.78
“Wix.com, helps small companies create the web sites they want in an setting the place it is digitize or die,” he mentioned.