CNBC's Jim Cramer on Friday reviewed the top-performing shares in his coronavirus index.The highest shares within the Cramer Covid-19 index, Cramer
CNBC’s Jim Cramer on Friday reviewed the top-performing shares in his coronavirus index.
The highest shares within the Cramer Covid-19 index, Cramer’s basket of 100 elements crafted round pandemic themes, proceed to be dominated by software program and know-how firms which might be powering the stay-at-home and distant tradition.
Whereas the index has spent the previous nearly two weeks backpaddling 4%, the “Mad Cash” 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 in the past, the stay-at-home, work-at-home shares simply haven’t been capable of give up,” Cramer mentioned, “however the conventional recession shares [have been] left within the mud.”
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 international markets into turmoil. Because the novel coronavirus unfold the world over 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 greater than 45% since we created it on April 24, leaving the main averages within the mud,” Cramer mentioned. “Even the tech-heavy Nasdaq solely rallied 33% over the identical interval. The S&P’s up 22%. Dow’s up lower than 20%.”
High Cramer Covid-19 shares since April 24:
- Peloton: $122.53, 286.04% achieve
- Livongo Well being: $138.91, 238.97%
- Fastly: $76.35, 232.68% achieve
- Zoom Video: $511.52, 222.12% achieve
- Sq.: $176.77, 185.07% achieve
- Twilio: $306.10, 178.40% achieve
- Boston Beer: $1,091.10, 148.59% achieve
- Datadog: $102.08, 144.15% achieve
- Commerce Desk: $619.91, 141.56% achieve
- Cloudflare: $55.82, 139.78