CNBC’s Jim Cramer has listed ten stocks he believes will perform well in December. The billionaire investor notes that November winners often continue to do so during the last month of the year. Here are the stocks on his list, which include Palantir, Tesla, and Warner Bros Discovery.
Cramer praises Palantir for its strong management and third-quarter results, which saw shares surge 20%. He also likes the company’s defense business, particularly its work with the Pentagon. Axon is another stock on Cramer’s list, as it benefits from expected increased funding for law enforcement in a GOP-led Washington.
Tesla CEO Elon Musk is close to President-elect Donald Trump and is likely to see rewards in the form of government contracts and investments in autonomous vehicles. Texas Pacific Land is a new addition to the S&P 500, but Cramer warns that oil stocks underperformed during Trump’s previous term, so he’s cautious about this sector.
Tapestry, owner of luxury brands Coach and Kate Spade, has seen its stock climb after the FTC blocked its acquisition of Capri. Cramer calls it a “rebounding apparel company.” EPAM Systems is another pick, as it’s part of the resurgence of enterprise software over hardware.
Warner Bros Discovery is gaining value as the company improves its balance sheet and expects to benefit from a ratings bonanza under the new administration. Vistra is poised for success due to growing demand for clean energy. McKesson, which distributes medicines and healthcare services, may benefit from Trump’s presidency, while EQT is a major Trump stock that will likely see increased activity.
Cramer’s picks reflect his focus on strong management, defense contracts, and growth in emerging sectors like clean energy and software.
Source: https://www.cnbc.com/2024/12/02/jim-cramer-lists-10-stocks-likely-to-perform-well-in-december.html