Jim Cramer on Peloton, Wayfair and other stocks with post-pandemic staying power

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'If the market's turned against your favorite Covid names, you can't expect them to come back any time soon,' the 'Mad Money' host said.

makes grew exponentially after gyms shut down, many going bankrupt, at the start of the pandemic and people sought ways to exercise at home. After the short-seller interest, or rate of market players placing a bet against the stock, peaked above 88% in February, that number has since plummeted below 6% since late April as the stock price catapulted over the summer.

"The company's clearly here to stay and it's expanding its offerings to ensure the competition stays dead," Cramer said. "The market's screaming that Peloton is the real deal."continues to feel the effects of the dining limitations that restaurants are facing across the country, the spice-maker has made up for some of those losses in the consumer category as people spend more time and cook more from home.

"You'd think that would mean great things for the packaged food companies, and they're absolutely putting up fantastic numbers, but the stocks keep getting clobbered because the market thinks they have no post-pandemic staying power," he said. "I think the market's making a little of a misjudgment here" but "in the market's opinion, the packaged food players [have] no staying power.

 

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I knew Peloton will reach $100 but I didn’t bought it. Instead I bought $AMWL and $QCOM

Re-allocation is spending.

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