Jim Cramer Talks Vaccine and Covid 19 Blast Radius Stocks
Moderna Vaccine Might Be Coming Soon
Moderna can possibly develop a vaccine in a record amount of time using the latest technologies. This company uses AI on Amazon AWS (Web Services) to do massive calculations that allow them to find the right combination of chemicals to create a vaccine. Think of Doctor Strange in the movie Avengers Infinity War going through millions of endings to find the one that has a positive outcome. This is a game changer. Gilead has remdesivir which helps patients get out of the hospital faster but nothing compared to a vaccine.
Jim Cramer feels that this could be one of the shortest recessions in history. And also it could be the sharpest recession ever.
Covid 19 Blast Radius Stocks
The stocks that rebounded on Monday are in the Covid 19 blast radius industries, Oil, Travel, Homes, Autos, and Banks. Some travel stocks that shot up included UAL +21%, NCLH +18%, MAR +17%, and RCL +17%. Cramer suggests booking a cruise now and cancelling in a year if the vaccine does not happen as the prices are really cheap and there’s no penalty.
Fed Chairman Powell had some good things to say which also gave the market some support after Warren Buffett over the weekend said he had dumped on his Goldman Sachs stock.
Covid 19 Winners
Stick with the Covid 19 winners though as we progress through this process, the health care stocks, big retailers, and cloud stocks. The retailers are reporting earnings this week. And stocks like Facebook, Google and NVidia are ones to hold, according to the Mad Money host. So have a mix of Economic Recovery winners, the ones that went up double digits today, and the Covid 19 Winners also know as the stay-at-home stocks.
Jim Cramer breaks down Moderna's vaccine progress impact on the market