Kramer reviews the Russell 1000’s top ten artists for November

Kramer reviews the Russell 1000’s top ten artists for November

  • CNBC’s Jim Cramer on Thursday explained why the top 10 stocks in the Russell 1000 did so well in November.
  • Many of these lesser-known stocks have benefited from lower interest rates, he said.

CNBC’s Jim Cramer on Thursday ran through the top 10 performers on the Russell 1000 during the month of November, explaining why these small stocks have been so successful.

“If you think we’re going to have a soft landing, if you think inflation is going to come down, if you think interest rates have peaked, then you have to be more bullish on life and stocks — or at least stocks.” He said. “The Russell 1000 is a list with a bias toward growth stocks that can produce some real winners.”

  1. Affirm Collectibles: Fintech Outfit Affirm allows customers to “buy now, pay later” for products. The company struggled when the Fed began tightening monetary policy, but quickly saw gains as long-term interest rates returned lower, Cramer said.
  2. Rocco: Although Cramer acknowledged that the streaming platform is still losing money, he said it is gaining a reputation for being a great place to advertise. He added that investors seemed impressed with management’s comments during the recent earnings call.
  3. Coinbase: Cramer said it is difficult for investors to bet on cryptocurrency exchange Coinbase in a low interest rate environment. But he added that the stock has recently benefited from a short squeeze.
  4. BLOCK: Cramer praised fintech company Block’s recent quarter, saying that with interest rates low, investors want stocks that take some risk, but also do well when small and medium-sized companies thrive.
  5. Gap: Gap inventory exploded this month after reporting an increase in same-store sales at its Old Navy business, Cramer said.
  6. Olaplex: According to Cramer, specialty shampoo maker Olaplex is profitable, and its inventory is low-cost. The stock also attracts investors who want to buy companies that make products they use and love, he said.
  7. Victoria’s Secret: Lingerie retailer Victoria’s Secret recently reported a loss and poor direction. But Cramer said his shares are still rising because results were not as bad as expected, and some investors may be assuming this could be the stock’s last bad quarter.
  8. Shift4 Payments: Cramer said Shift4 Payments made the list because Wall Street loves payment processing companies when prices are low but hates them when prices are high.
  9. DataDog: Application monitoring and analysis company DataDog performed well this month after a strong quarter, Cramer said, adding that cloud transparency has become a “huge thing.”
  10. Expedia: Expedia shares rose this month because expectations were so low before it reported a good quarter, Cramer said. He added that he believes the stock should not have been so low in the first place.

Jim Cramer’s Guide to Investing

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