CNBC host and former hedge fund manager Jim Cramer offered his recommendations for the stock market in December.
• Cramer relies on a proven model
• Tech stocks as strong performers
• Natural gas market should benefit under Trump
Jim Cramer follows a certain pattern: He generally relies on November’s winners when determining his favorite stocks for December. This system has proven successful over the past decade, says Cramer: “Before I started my charitable foundation more than two decades ago, I ran a hedge fund. I was always looking for an edge and one of the most reliable patterns I found is that when December approaches, you imitate November’s biggest winners,” CNBC quoted him as saying in this context.
Technology and software stocks are strong performers
According to CNBC, one of Cramer’s favorite stocks is Palantir. The company shined in November by submitting a strong third-quarter report that sent shares up around 20 percent. Cramer particularly praised the company’s defense business, which also works for the Pentagon, as CNBC reports. Axon is also one of his top stocks for December. Because: The company mainly produces equipment for the police – and according to Cramer, the chance that the police will receive more money in the future is quite high. The former hedge fund manager apparently expects that the elected Republican US President Donald Trump could provide additional funding for the police. According to Cramer, the electric car company Tesla also has a good chance of becoming one of the top stocks for December. The reason: The electric vehicle manufacturer led by Elon Musknow a close ally of Trump, could benefit from a benevolent political environment, Cramer said.
Good prospects for the natural gas market
At the end of November, Cramer also emphasized the important role EQT Corp could play as a stock under a Trump administration. The former hedge fund manager was confident that Trump’s presidency would provide positive impetus to the energy industry, especially the natural gas market, as CNBC reported at the time. Because with Finance Minister-designate Scott Bessent’s planned “3-3-3” program – a plan to reduce the budget deficit to 3 percent of GDP, 3 percent economic growth and 3 million barrels of oil production per day – companies like EQT could benefit, so Cramer. EQT is a leading producer of natural gas from the Marcellus Shale region of Appalachia and controls vast land reserves in Pennsylvania, Ohio and West Virginia. Cramer praised the company’s recent results, including strong quarterly earnings and positive guidance. While the expert sees EQT as a solid investment option, he also emphasized that long-term success ultimately depends on market conditions, according to CNBC.
Editorial team finanzen.net
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