Cramer says he's not giving up on stocks despite the new Covid strain in the U.K.

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Jim Cramer criticized the U.K.'s response to the pandemic and highlighted positive news for stocks.

to buy from neutral, saying tech stocks could again perform well in the event of a new round of economic restrictions. Shares of Microsoft were down 0.4% in early trading.

"You shouldn't throw out all stocks. Look at how these companies that do so well when we lock down have performed," Cramer said. The U.K. has confirmed more than 2 million cases of the virus during the pandemic, according to data from Johns Hopkins University. On a per capita basis, that is fewer infections than registered in the United States but more than seen by some other peer countries, including Germany and Canada.over the Christmas holiday season to slow the spread of the virus.

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