The stay-at-home stocks surged as Texas paused reopening, Jim Cramer says

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After Texas put a pause on its reopening, 'many of today's winners were the usual suspects that benefit from the pandemic,' the 'Mad Money' host said.

"The truth is we've been through this before and we know that lots of stocks benefit from the re-emergence of the stay-at-home economy," Cramer said. "There are 100 companies in the... Collectively, the stocks are worth now $12.2 trillion. That's up from a cool $11 trillion when we put this list together back in April. The entire S&P 500 is only worth $25.2 trillion.

The oil stocks also contributed to the positive trading day as the price of crude bounced. The bank stocks also lifted, though the move seems to be ephemeral, Cramer said.

 

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Coronavirus live updates: Texas and Florida pause reopening more business as cases surgeDemand has surged for dexamethasone, which has been hailed as a potential “breakthrough” in the treatment of patients with severe coronavirus cases. MegTirrell reports. These comments are ridiculous. The first thing you need is the will to get this under control. A better answer would have been this Administration has given up to the virus opened up without all necessary steps all for the possibility the virus might diminish on its own. I think Joe's numbers are on the high side SumitGup Are we still Ignoring California, I wanted to make sure I got the new playbook.
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