Cramer says bet on these 'pseudo-lockdown stocks' as Wall Street worries about Covid delta variant

are a dominant theme on Wall Street right now, suggesting investors may want to position their portfolios to capture the market's sentiment.

The "Mad Money" host said much uncertainty remains about the future trajectory of the virus in the U.S. and. However, he added, "I can tell you exactly what the big institutional money managers are buying as they try to find ways to play the delta variant." The list constitutes something of a "going-to-get-worse-before-it-gets-better" portfolio, Cramer said, stressing that spring 2020-style lockdowns are off the table. Nevertheless, he said, previous stock winners are likely to be victorious again in the near term. At the top are Cramer's WATCH retailers, an acronym for

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