COVID-19 Index: Top 10: Cramer relies on these stocks in the corona crisis | message

— Corona crisis hits tourism and gastronomy particularly hard
Health and technology titles benefit
Jim Cramer creates list of the top 10 stocks in crisis

These current special circumstances and their effects on the stock market have led exchange expert Jim Cramer to create a COVID-19 index. At Real Money, Cramer released its top 10 favorites last week.

Peloton

Peloton, as Cramer writes, is one of the most controversial and most listed stocks on the market. But Peloton seems to be made for the current situation. The gyms are closed, “Social Distancing” has top priority. But of course people still want to be able to continue doing sports and have a balance to the dreary home office and quarantine everyday life. And so it makes sense to buy a device like the Peloton device at home, which also offers the training programs. The demand currently seems to be so great that Cramer reports that the device for a colleague had to be reordered first – she will probably receive it at the end of June.

This is also noticeable in the share price: While the Peloton share temporarily fluctuated around the $ 30 before the Corona crisis, it is now quoted at around $ 45 and thus about 50 percent higher (as of: closing price on May 14 2020). That’s why the Peloton share is number one in Jim Cramer’s Top 10.

Everbridge

The software-as-a-service company Everbridge comes in second place. Even though the company is probably not known to everyone, it should be of particular importance at this time: “It serves eight out of ten of the largest cities, nine of ten of the largest investment banks, 46 of the largest airports and nine of ten of the largest US American healthcare providers. It owns the market, “said Cramer.

The company has an annual growth rate of 36 percent and Everbridge stock has already risen by almost 100 percent to around $ 157 over the course of the year (as of May 14, 2020).

Moderna

With Moderna, Cramer ranks third, a company that could possibly offer us a vaccine against the Corona virus in the future. While the stock market expert remains skeptical that the company is launching its first vaccine on the market, many are more optimistic than he is because they “think it is ahead of everyone else”.

Since the beginning of the year, the Moderna share on the Nasdaq has skyrocketed by more than 230 percent to just under $ 65 (as of May 14, 2020).

Livongo Health

Jim Cramer sees the health company Livongo Health in fourth place. Livongo Health focuses primarily on people with chronic diseases such as diabetes and high blood pressure, who are to be given a healthier life. With the rampant corona virus turning many people’s focus on their health and the company addressing diseases that are considered potential risk factors for COVID-19 to get worse, Livongo Health should be one of the winners of the virus crisis.

According to Cramer, this should also be the reason why Livongo shares on Nasdaq have risen by around 140 percent from around $ 25 to around $ 60 since the beginning of the year (as of May 14, 2020).

DexCom

DexCom is also a healthcare company. Cramer calls it “a remarkable company with the best glucose monitoring system for diabetes”. Where we are again with the risk factors that could possibly affect the course of a COVID disease. A needle prick is not necessary to check the blood sugar level – a sensor is inserted under the skin at the push of a button, permanently measures the level of glucose in the tissue and sends the data to a display device such as a smartphone.

Due to the strong performance of the DexCom share – a good plus of 83 percent to around $ 402 since the beginning of the year – it ranks fifth among Cramer’s 10 best shares (as of: closing price on May 14, 2020).

Beyond Meat

Sixth place goes to meat replacement producers Beyond Meat. The latter is currently also benefiting from the corona pandemic, above all due to “catastrophic revelations about the COVID outbreaks in meat packaging plants,” explains Cramer. The positive trend was also reflected in Beyond Meats’ figures for the past quarter. That is why Cramer investors are jumping on the trend with vegetable meat replacement products.

Beyond Meat shares already climbed around 80 percent this year on the Nasdaq to around $ 135 (as of May 14, 2020).

Coupa software

Coupa Software is an expense management company that is urgently needed right now – with thousands of people working in the home office. “I know it sounds banal and when we had CEO Rob Bernshteyn there for the first time, I thought it wasn’t proprietary enough. But that was just wrong. This seventh-best performer [] is a major beneficiary of the COVID recession, “said Cramer.

Since the beginning of the year, the Coupa Software share on the Nasdaq has increased by around 37 percent to around $ 210 (as of May 14, 2020).

Trade desk

Eighth place: Trade Desk. The company offers a software platform for digital displays and, according to Cramer, is “the best kind []”Playing internet advertising because it has a fantastic online trading platform”. Some investors have already turned their backs on the stock and Cramer is also somewhat skeptical, since advertising is also not recession-proof.

The Trade Desk share on Nasdaq has increased by almost 10 percent to around $ 297 since the beginning of 2020 (as of May 14, 2020).

MarketAxess

The current widespread trend to work in the home office, according to Cramer, brought MarketAxess ninth in Cramer’s Top 10. MarketAxess is an online bond trading platform. The last bastion of interpersonal trade, go through the digitalization of the bond market thanks to MarketAxess.
On the Nasdaq, MarketAxess shares were up almost 30 percent this year to around $ 493 (as of May 14, 2020).

PayPal

PayPal is tenth in Cramer’s Top 10. The fact that people increasingly stay at home due to the restrictions and fear of infection, avoid unnecessary contacts and thus possibly order more at home, “offers a good chance that they will order via PayPal,” said Cramer. And the company was doing well before the Corona crisis.

After the Corona crash, the share price was able to make up significant ground again, gaining around 30 percent to $ 144 over the course of the year (as of May 14, 2020).

Cramer’s top 10 list shows that companies from the health or technology sector or security companies and companies that benefit from the “stay-at-home” trend are the current winners, while sectors such as tourism and gastronomy suffer particularly.

Editorial office finanzen.net