The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market.
"You want to remember this list the next time the market rolls over. The whole point of this exercise to demonstrate that stock picking makes more sense than traditional index investing now," he said on "The hypothetical index of about 100 equities, dubbed the "Mad Covid-19 Index," touch 17 sectors where investors can expect will produce a return in this "tricky environment," he said.
Each stock is outperforming the S&P 500 since the start of 2020. As a group, the basket of stocks would be up nearly 10% year-to-date, Cramer said. The benchmark index, which has been reeling from the coronavirus outbreak, is down roughly 11% in the same timeframe. "There are just so many obvious winners and obvious losers. Please don't make life difficult for yourself by owning the losers," he said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I don’t have time to learn them all by tomorrow!!
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. banks in another mad grab for $310 billion in new small-business aidU.S. banks on Monday began another chaotic dash to grab $310 billion in fresh small-business aid released by the government, after 11th-hour changes to the first-come-first-served program led to technology issues for some lenders. What is she trying to measure ? If only there was an IG overseeing this money, instead of a couple of Trump's trick poodles. realDonaldTrump This kind of stupid mad dash to the money will not help the overall economy. realDonaldTrump SpeakerPelosi
Source: Reuters - 🏆 2. / 97 Read more »
U.S. banks gird for mad grab of another $310 billion in new small business aidU.S. banks on Monday began another chaotic dash to grab $310 billion in fresh small business aid released by the government, after it changed some of the rules of the first-come-first-served program at the 11th hour. The US makes more money when we all sit at home. Let’s switch to UBI, sit back, and see how high the debt can actually go!!! Is she giving away pens again? Its interesting watching how much Americans will tolerate. One day...one day it will click that every dollar the government doesn't spend on them is B*******! Taxes = People's money.
Source: Reuters - 🏆 2. / 97 Read more »