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Jim Cramer.
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“There are stocks that get a lot less attractive when the world returns to normal, but FAANG doesn’t. They don’t care who is in the White House or how quickly we get vaccinated.
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It’s CNBC’s Jim Cramer making the bullish case this week for Facebook FB,
Apple AAPL,
Amazon AMZN,
Netflix NFLX,
and Google parent Alphabet GOOG,
GOOGL,
even as “smart money” continues to push the idea that it’s time to get out of Big Tech and get into value games.
“I’m so sick of hearing that it’s time to switch to small caps, oils or cyclical stacks stocks,” Cramer said.
As you can see, November has been a huge month for the DJIA Dow Jones Industrial Average,
S&P 500 SPX,
and Nasdaq Composite COMP,
but the small cap Russell 2000 RUT,
upgraded them all.
Still, Cramer is looking for the FAANG group, which fell well behind last month’s averages, to continue pulling the upside as it has for much of the year. The big names in tech have taken advantage of the home-based commerce that flourished during the coronavirus pandemic.
“Let’s remember what got us to these record highs in the first place, because these actions are still the best in the show,” he said.
Check out this clip from Cramer’s show:
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