CNBC’s Jim Cramer on Monday said that some of the pandemic-era winners that rallied on Monday will be able to hold onto their recovery while others will flounder.
“When you see all the so-called pandemic plays roaring, without any kind of upsurge in Covid, you’ve got to take them on a case-by-case basis,” the “Mad Money” host said. “Some of these will be one-and-done moves, but I think the higher-quality names have overshot their downside and can bounce for more than one day before they run out of steam,” he added.
The tech-heavy Nasdaq Composite gained 1.9% on Monday following news that Tesla CEO Elon Musk purchased a 9.2% passive stake in Twitter. The Dow Jones Industrial Average rose 0.3%, and the S&P 500 advanced 0.8%, both increasing for the second consecutive session.
To illustrate his point, Cramer selected nine companies that rallied on Monday and offered his thoughts on each one.
Here is his analysis of each company:
Peloton
“With [CEO Barry] McCarthy at the helm, I am bullish…
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https://www.cnbc.com/2022/04/04/jim-cramer-how-9-pandemic-plays-that-rallied-monday-will-respond.html
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2022-04-04 22:47:07
