14 Stocks ‘About To Pop’ According To Jim Cramer: Yum! Brands, Domino’s, Bank Of America And More
CNBC host and financial television personality Jim Cramer is known for his stock-picking capabilities or to some, a lack thereof.
With the market down in 2022, Cramer found several stocks trading at 52-week lows he thinkscould be set to bounce.
What Happened: Love him or hate him, Cramer is one of the most famous financial television personalities. Some have said his picks often go in the opposite direction of what he says, which has led to the creation of an Inverse Cramer ETF. Others have seen success stories over the years whenCramer was right.
Cramer noticedthere were 59 stocks in the S&P 500 that recently hit new 52-week lows. Cramer chose to single out 14 of them that could pop.
The S&P (500)'s down almost 25% for the year, and weve gone eleven months since the bear market began. The average bear market only lasts for about 13 months. So maybe we have an expiration date coming up and soon, some of these are going to pop, Cramer said.
Cramer used PepsiCo PEP as a stock to illustrate his thesis. <style> .adBox { text-align: center; } </style>
Nobody liked PepsiCo going into todays earnings report.
Cramer said the stock roared higher on an excellent update surprise on what was otherwise a sedate trading day.
Pepsi could have headwinds turning into tailwinds, Cramer added.
Im just trying to give you a more constructive perspective based on the prism of PepsiCo, a pathetic also-ran that suddenly turned into a big winner, and I think PepsiCo, by the way, is just getting started.
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The 14 Stocks: Here are thestocks trading at 52-week lows (Wednesday) that Cramer thinks could go higher:
KeyCorp KEY
Bank of America CorpBAC
JPMorgan Chase & CoJPM
Accenture PlcACN
ServiceNow NOW
Dominos Pizza DPZ
Yum! Brands, Inc.YUM
Generac Holdings Inc. GNRC
Stanley Black & Decker, Inc. SWK
S&P Global Inc SPGI
American Tower CorpAMT
Crown Castle Inc CCI
SBA Communications CorporationSBAC
Mid-America Apartment Communities IncMAA
Cramer added comments on all 14 stocks. Here are some of the highlights:
Most people are getting next to nothing on their savings, he said, arguingbanks such as Bank of America and JPMorgan can invest in treasuries and get 4%.
Cramer likes both Yum! Brands and Dominos, adding he didnt know which will turn first. There could be a downside in both, but if the Fed can turn inflation, these stocks could benefit.
Cramer said a Stanley Black & Decker investment could be early, but is an established company.
This is everybodys go-to tool maker, should it really be thrown away like this?
Cramer likes the cell tower companies as the FCC wont allow phone companies to merge, benefitting phone tower companies from more long-term growth.
Mid-America Apartment Communities has buildings in the South, one of the hottest markets in the country where housing is in short supply. Cramer said it was just plain stupid to sell this stock.
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