Stop saying the stock market doesn't make any sense, Jim Cramer told his Mad Money viewers Monday. There are plenty of companies whose products are in huge demand as the pandemic rages on, Cramer said, and all of them can be found in his COVID-19 index.
When cases spike, investors flock to the pandemic stocks, Cramer explained, as he reviewed the biggest winners in his COVID-19 index. And that's where investors should look: to the stay-at-home stocks that are thriving.
Topping the list was the Internet services company Fastly( FSLY ) - Get Report, followed by Chegg( CHGG ) - Get Report, Chewy( CHWY ) - Get Report, Peloton( PTON ) - Get Reportand Emergent Biosolutions( EBS ) - Get Report. Cramer said all of these companies have products that are in demand right now, from online learning, pet supplies and fitness, to the companies that make the supplies we'll need once a vaccine is ready.
Further down the COVID-19 Index list were other notable names, including Livongo Health( LVGO ) - Get Report, the company helping people manage their diabetes, Zoom Video( ZM ) - Get Report, now a household name, and Shopify( SHOP ) - Get Reportand Etsy( ETSY ) - Get Report, both of which have helped millions of small businesses set up shop online. Plus, there's Costco( COST ) - Get Report, and Salesforce.com( CRM ) - Get Report. Microsoft( MSFT ) - Get Reportalso made the list, thanks to reports it may buy the U.S. assets of TikTok.
These companies represent trillions of dollars in value, Cramer said, and when they rise, they're big enough to take the rest of the market with them.
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