Where’s the Bull?: Cramer’s ‘Mad Money’ Recap (Monday 12/21/20)

There’s always a bull market somewhere, Jim Cramer reminded his Mad Money viewers Monday. It’s not always obvious, Cramer added, sometimes you have to dig for it. Even on a day like Monday, when news of a new COVID strain in the U.K. sent the market into maximum panic, there […]

There’s always a bull market somewhere, Jim Cramer reminded his Mad Money viewers Monday. It’s not always obvious, Cramer added, sometimes you have to dig for it. Even on a day like Monday, when news of a new COVID strain in the U.K. sent the market into maximum panic, there were still some great opportunities created.

No one ever made a dime panicking. When uncertainty roils the markets, Cramer told viewers to stay disciplined and look for positive stock-specific news that can shield them from declines.

Shares of Nike  (NKE) – Get Report rose 3.2% Monday after the company’s strong earnings, for example. Then there was the surprise news that the banks will be allowed to resume their stock buybacks, news that rallied shares of JPMorgan Chase  (JPM) – Get Report, Morgan Stanley  (MS) – Get Report and Citigroup  (C) – Get Report.

Next, Cramer found strength in stocks that benefit from the much-needed stimulus deal. After the first stimulus, Dollar General  (DG) – Get Report, Lowes  (LOW) – Get Report and Home Depot  (HD) – Get Report all rallied. They’re likely to rally again.

Cramer was also bullish on Microsoft  (MSFT) – Get Report, after the company received a positive report card from an analyst. Investors can also look towards the obvious stay-at-home stocks as COVID worsens. He recommended Airbnb  (ABNB) – Get Report and Snowflake  (SNOW) – Get Report, along with Roku  (ROKU) – Get Report, DocuSign  (DOCU) – Get Report and Peloton  (PTON) – Get Report.

Cramer and the AAP team are looking at everything from earnings and tariffs to the Federal Reserve. Find out what they’re telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts Plus.

Don’t miss Cramer’s best, every day, with fast, actionable strategies: StreetLightning.

Off the Tape: Robinhood

In his “Off The Tape” segment, Cramer spoke with Vlad Tenev, co-founder and CEO of the privately-held online trading platform Robinhood, which has gained a lot of notoriety — and criticism — in 2020.

Tenev said Robinhood was designed to make investing more accessible for all investors. The platform serves many types of investors, from novice to seasoned veterans. They are continually innovating with new products like the Robinhood Recap, which provides customers with timely information and insights about themselves and their investments.

While Robinhood is a self-directed investment platform, Tenev said they focus extensively on education. The company’s educational articles have been read 3.2 million times, he said.

When asked about their recent settlement with regulators, Tenev noted that the suit mainly dealt with past practices at the company which have since been rectified. He said they never aim to steer investors into products that are not suitable for them.

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