Stay-at-home stocks like Zoom will 'keep roaring' until there is a coronavirus vaccine, says Cramer

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'The stay-at-home story, it's not quitting,' CNBC's Jim Cramer said. 'I bet they're going to keep roaring until we all have been vaccinated.'

host said that even though the pandemic is now in its seventh month, the stocks continue to have reasons to move to the upside. Other beneficiaries include the homebuilders and packaging companies, he said.

"The stay-at-home story, it's not quitting," Cramer said. "Every time we get hit with another wave of Covid infections — this is wave three, when wave four happens and wave five happens — these stocks will keep roaring. I bet they're going to keep roaring until we all have been vaccinated." Cramer acknowledged there are some investors who are wary of Zoom's valuation as the stock has run up 688% so far in 2020. It notched another all-time high Thursday. However, the former hedge fund manager said the company has done a nice job innovating, including its"All of this keeps Zoom one step ahead of the posse and the short sellers," Cramer said. "So what if it trades at 50 times sales? Think of Zoom as an entity that's trying to grow into its market cap.

 

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And then it will come back to earth when vaccine is available

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