Jim Cramer talks 10 stocks that succeeded when the S&P bottomed out
CNBC’s Jim Cramer has identified 10 stocks that performed well during last October’s market crash. Cramer, along with other market experts, dove into the sudden jump in the S&P 500 on Wednesday, and explored how certain stocks rose during the index’s bottom last year. “We need to know which stocks can make us the most money when we get a true trend-line inflection,” Cramer said. Among the stocks Cramer identified were insurance company Arch Capital Group, Facebook parent Meta, and cruise-line giant Royal Caribbean.
FAQs:
What is the S&P 500?
-The S&P 500 is a stock market index that measures the performance of 500 large companies listed on US stock exchanges.
Why did the S&P 500 suddenly jump on Wednesday?
-The reason for the sudden jump is not specified in the article.
What is a trend-line inflection?
-A trend-line inflection is a point where a stock’s price trend changes direction. It can be a useful indicator for investors.
“Jim Cramer Discusses 10 Stocks That Thrived During the S&P Market Crash”
CNBC’s Jim Cramer has highlighted 10 stocks that performed well even when the S&P 500 bottomed out last October. During Wednesday’s sudden jump in the index, Cramer reflected on the important landmark and wanted to explore how the market reversed its trend-line inflection. He pointed out that investors need to know which stocks can make the most money during potential downturns. Among the 10 stocks Cramer cited were Arch Capital Group, Meta, Wynn Resorts, Las Vegas Sands, Fair Isaac, PulteGroup, First Solar, Netflix, Nvidia, and Royal Caribbean. The CNBC Investing Club Charitable Trust holds shares of Nvidia, Meta, and Wynn Resorts.