From Thursday night’s episode of “Mad Money,” Jim Cramer recommends 10 companies to buy in the midst of the coronavirus panic:
- Adobe (ADBE)
- Etsy (ETSY)
- Moderna (MRNA)
- Nvidia (NVDA)
- RingCentral (RNG)
- Shopify (SHOP)
- Square (SQ)
- Telodoc Health (TDOC)
- Zoom Video (ZM)
Any rhyme or reason to these cuckoo choices? Let’s check back in a year and see where they are relative to the rest of the market.
One of the few things that’s made me laugh the past 2 days is that the shares of “ZOOM” spiked HUGE. The problem is 2-fold : that company has gone out of business & the “investors” (loose definition) mistook it for ZM (the videoconference company that’s on Cramer’s list above). 🙂
Anyhoo, this week I have added a few shares of some of my dividend stocks (mostly shares of large energy companies that have been beaten to a pulp, although NOT CHK, that long-held sorry investment of mine has been on life support since last year & I’m now hearing “the machines” going off…). I also have a long list of limit orders that I’m still waiting & waiting (for example, still waiting for SHOP to come back down a LOT more). And I’ve still got my order in for 25 more shares of DIS at $95.50 (I put in that order last summer). Think it will get there? Who knew it would take a pandemic to get the shares even close!
With today’s continual beatdown, this week officially rivals Black Thursday of 1987. However, back then, being young, spry & very optimistic, I was THRILLED & added as much cash as I could scrounge up to my little mutual funds. Since I’m no longer young or spry & definitely not as “optimistic”, I’m not so thrilled at this particular RED SKY WARNING! However, a small silver lining – it has allowed me to finally start investing my 2019 ROTH money! I’ve got 2-3 more weeks to get it all in there (must complete before I have my taxes done) so I console myself that at LEAST I didn’t invest that money 2 weeks ago!
IF the rout continues & AMZN gets close to $1250, I’m breaking into my Emergency Fund.
Good luck to all.
Er, that was Black MONDAY back in 1987. Sigh. My only excuse is that my eyes have been RED-filled all week & it blurred my vision as I was typing. PLUS, my winter coat, boots, hat, gloves weigh “45 pounds” & wearing all that weight while driving into work made my arms “too tired” to type. 🙂
I guess all Blacks look alike to you, Susie B.