Cramer dropped the following 10 stocks from the index, which span health care, real estate investment trust, exotics (miscellaneous), consumer packaged goods and home entertainment-oriented companies.
Becton Dickinson, -13% from April 24 Digital Realty, -7.79% Freshpet, -6.73% Inovio Pharmaceuticals, -0.89% Inseego, -14.03% Kimberly-Clark, -4% NextEra Energy, -2.25% Owens & Minor, 0.55% Roku, -13.81% Snap, 8.81%
“I am dropping 10 of the worst performers, replacing them with stocks that are better suited to this moment and more relevant,” Cramer said, adding that “some of these [former picks] are duplicative” of other stocks in the index. Newcomers
“With those 10 changes, I’m feeling pretty better about the Cramer Covid-19 Index,” Cramer said. “But — and this is a very big but — if the reopening goes smoothly and the economy comes roaring back, we’re going to need to abandon this whole index and swap into a totally different cohort of recovery stocks.”
“I don’t think we’re there yet, although I’m working on a separate recovery index so that we’ll be ready when it happens,” he said.
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