CNBC’s Jim Cramer on Friday reviewed the top-performing shares in his coronavirus index.
The top shares within the Cramer Covid-19 index, Cramer’s basket of 100 parts crafted round pandemic themes, proceed to be dominated by software program and know-how corporations which might be powering the stay-at-home and distant tradition.
While the index has spent the previous nearly two weeks backpaddling 4%, the “Mad Money” host says his thesis is proving true: the inventory picks in his index would outperform the broader S&P 500 common.
“Since we created the Cramer Covid-19 index six months ago, the stay-at-home, work-at-home stocks just have not been able to quit,” Cramer mentioned, “but the traditional recession stocks [have been] left in the dust.”
The Cramer Covid-19 index was put collectively in late April because the U.S. financial system started to emerge from the financial lockdown that hobbled American companies and helped throw world markets into turmoil. As the novel coronavirus unfold internationally and nations jumped into motion in try to regulate the contagion, February kicked off an historic meltdown within the S&P 500 and main U.S. market averages.
Cramer calculated the returns made in his coronavirus index and in contrast them to the benchmark, 30-stock Dow Jones and tech-heavy Nasdaq Composite.
“The Cramer Covid-19 index is up more than 45% since we created it on April 24, leaving the major averages in the dust,” Cramer mentioned. “Even the tech-heavy Nasdaq only rallied 33% over the same period. The S&P’s up 22%. Dow‘s up lower than 20%.”
Top Cramer Covid-19 shares since April 24:
- Peloton: $122.53, 286.04% acquire
- Livongo Health: $138.91, 238.97%
- Fastly: $76.35, 232.68% acquire
- Zoom Video: $511.52, 222.12% acquire
- Square: $176.77, 185.07% acquire
- Twilio: $306.10, 178.40% acquire
- Boston Beer: $1,091.10, 148.59% acquire
- Datadog: $102.08, 144.15% acquire
- Trade Desk: $619.91, 141.56% acquire
- Cloudflare: $55.82, 139.78