CNBC’s Jim Cramer says these ‘best in show’ stocks remain the place for your investment dollars
Jim Cramer.
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‘There are some stocks that become a lot less attractive when the world goes back to normal, but not FAANG. They don’t care who’s in the White House or how soon we get vaccinated.’
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That’s CNBC’s Jim Cramer making the bullish case this week for Facebook
FB,
Apple
AAPL,
Amazon
AMZN,
Netflix
NFLX,
and Google parent Alphabet
GOOG,
GOOGL,
even as the “smart money” keeps pushing the idea that it’s time to move out of Big Tech and into value plays.
“I’m so sick of hearing that it’s time to rotate into the small caps, or the oils, or the cyclical smokestack stocks,” Cramer said.
As you can see, November was a huge month for the Dow Jones Industrial Average
DJIA,
S&P 500
SPX,
and Nasdaq Composite
COMP,
but the small-cap Russell 2000
RUT,
outperformed them all.
Still, Cramer is looking for the FAANG group, which mostly lagged the averages last month, to continue to drive the upside as it has for much of the year. The big tech names have cashed in on the stay-at-home trade that has thrived during the coronavirus pandemic.
“Let’s remember what actually took us to these record levels in the first place because those stocks are still the best in show,” he said.
Watch this clip from Cramer’s show:
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