According to Jim Cramer, Walmart is one of the stocks that will do well in a “hybrid world”.
CNBC’s Jim Cramer on Wednesday announced a handful of stocks that he believes will do well in the emerging “hybrid world”.
The Mad Money host anticipates many people will follow some pandemic routines as Covid-19 health restrictions ease and more offices reopen in the coming months. For this reason, Cramer recommended that investors get involved in the hybrid economy.
“We’re moving into a hybrid world where staying-at-home habits are persistent, but you also have the ability to do things,” he said. “You have to stick with the stocks that win one way or the other.”
Cramer pointed out the following stock picks as hybrid games:
All but two of Cramer’s picks have posted double-digit gains this year, outperforming the broader market. Williams-Sonoma is the biggest winner in the group, up more than 75%. Walmart and McCormick are down 3% and nearly 7%, respectively, in 2021.
Cramer’s recommendations came after the S&P 500 hit a record close on Wednesday.
Disclosure: Cramer’s charitable foundation owns shares in Walmart.
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