The stay-at-home stocks that profit from the coronavirus pandemic led the stock market larger as traders continued to grapple with the spike in instances in dozens of states, CNBC’s Jim Cramer mentioned Thursday.”When the state of Texas was compelled to pause its reopening plan due to file Covid infections … out of the blue the stay-at-home stocks come again in fashion and it took up the entire market,” the “Mad Cash” host mentioned. “Lots of at present’s winners had been the same old suspects that profit from the pandemic.”The main averages all superior greater than 1% through the session in a reprieve from a significant sell-off the day prior.As Covid-19 instances soared within the American South and West, Texas Gov. Greg Abbott introduced Thursday that he’s placing the state’s reopening plans on pause as officers battle rising hospitalizations. Renewed issues over the virus’ unfold introduced the market down on the open, however the S&P 500 reversed course to complete the day up 1.10% at 3,083.76.”The reality is we have been by this earlier than and we all know that a number of stocks profit from the re-emergence of the stay-at-home financial system,” Cramer mentioned. “There are 100 firms within the Cramer Covid-19 Index … Collectively, the stocks are worth now $12.2 trillion. That is up from a cool $11 trillion after we put this checklist collectively again in April. The whole S&P 500 is just worth $25.2 trillion.”The oil stocks additionally contributed to the constructive buying and selling day because the price of crude bounced. The bank stocks additionally lifted, although the transfer appears to be ephemeral, Cramer mentioned.Bank stocks jumped on information that the Federal Deposit Insurance coverage Fee would ease tips specified by the Volcker Rule, a rule spurred by the Nice Recession that regulates how monetary establishments spend money on enterprise capital and different funds. That, nonetheless, was later countered by new restrictions by the Federal Reserve requiring massive banks to droop their stock buyback applications and cap dividend funds for the third quarter in efforts to forestall capital at quite a few banks from falling to concerningly low ranges attributable to impacts from the pandemic.”Steer clear of the banks,” Cramer mentioned.The Cramer Covid-19 Index, populated with stocks which have benefited from the lockdown, outgained the three main averages Thursday, gaining 1.5%.As traders put extra money into the pandemic performs, stocks like McCormick, Clorox, Etsy and Shopify had been in a position to rally, Cramer mentioned. Pantry, e-commerce, work-from-home and mega-cap tech stocks have been among the greatest beneficiaries of coronavirus response measures.With the financial system nonetheless in a precarious place, Wall Street managed to advance due to federal motion, the host mentioned.”In a traditional setting, one the place we simply let the financial system occur, so to talk, the stock market would’ve collapsed at present,” Cramer mentioned. “However the Federal Reserve is set to maintain the bankruptcies as little as doable.”Disclosure: Cramer’s charitable belief owns shares of McCormick.