The “old guard” of investors is once again responsible

Investors are optimistic about the launch of the Covid vaccine, Jim Cramer of CNBC said, fueling a rally in US stocks on Friday.

The Dow Jones industrial average added 453.40 points, or 1.4%, while the S&P 500 advanced 1.7% to close at a record high. The strong Nasdaq, after falling 0.8% at one point, ended the trading day at 1.2%.

“Virtually every sector has seen aggressive shopping, with the exception of stocks of once-hot, very expensive and hard-to-understand technologies,” the Money Money host said. “I think it’s the ‘Great Reopening,’ because the United States will receive 240 million vaccines by next week from Moderna, Pfizer and J&J as they grow.”

The increased availability of vaccines means that bottled consumer demand is making its way into the economy sooner than expected, Cramer said. He pointed to L Brands – the owner of Bath & Body Works and Victoria’s Secret – who is raising its profit prospects for the first quarter on Friday. The company’s shares increased by more than 3% during the session.

“The reopening trade is casting a wide net,” Cramer said. “I think the purchase was so strong that it hid the endless liquidation of shares that were once loved by younger buyers,” he added.

It’s not clear where the new market participants went, Cramer said. However, he said, it appears that “the old guard is back in charge.”

“For once, the ‘Great Reopening’ trade today felt like an extraordinary positive … with many winners and very few losers,” he added. “If this is the new normal, tell me a happy camper, but let’s see if he can hold out next week.”

Cramer submitted his game plan for the following list of winnings:

McCormick & Company

• Results from the first fiscal quarter of 2021 before the bell; conference call at 8 am ET
• Designed EPS: 59 cents, according to FactSet

“We will find out how much this company is developing under the ‘Great Reopening.’ Here’s the problem: McCormick has a huge food business where he supplies restaurants and he’s been a real dog, “Cramer said.” But stocks have had a fabulous run over the last year, as his consumer business has thrived under the economy. the home. Now, I think people will assume that their actions have taken their course now that we are vaccinating more than 2.5 million people a day. “

PVC

• The fourth quarter of 2020 follows the bell; conference call at 9 a.m. ET Wednesday
• Estimated loss per share: 32 cents, according to FactSet

Lululemon

• Fiscal results for the fourth quarter of 2020 after the bell; conference call at 16:30 ET Tuesday
• Designed EPS: $ 2.49, according to FactSet

“After closing, we learn from a clothing company considered a victim of the pandemic, PVH, and one that is widely considered a Covid winner, Lululemon,” Cramer said. “I think the market has decided it’s time for HPV to shine – it’s been screaming since the vaccine was seriously launched. On the other hand, Lulu … has been shunned because everyone thinks their stuff is like this. “The usual clothes you wear when you stay home from work and no one is looking at you. Let’s see what they have to say.”

Chewy

• The fourth quarter of 2020 follows the bell; conference call at 17:00 ET Tuesday
• Projected loss per share: 10 cents, according to FactSet

Blackberries

• The fourth quarter of 2020 follows the bell; phone call at 17:30 ET
• EPS designed: 3 cents, according to FactSet

Both Chewy and BlackBerry are investor-favored stocks that gather in online forums like Reddit’s WallStreetBets, Cramer said.

“The WallStreetBets crew likes Chewy because he was co-founded by Ryan Cohen. He’s the man who intends to return GameStop from its board perch,” Cramer said. “As for the Blackberry, it’s one of the meme stocks that caught fire in January due to a brief Reddit-induced push. I don’t see the call. Maybe the quarter can change my mind. Don’t hold your breath.”

Walgreens Boots Alliance

• Results for the second quarter of fiscal year 2021 before the bell; conference call at 8:30 AM ET
• Designed EPS: $ 1.13, according to FactSet

Walgreens’ new CEO, Rosalind Brewer, is “one of my absolute favorite performers,” Cramer said. “Hopefully she’ll tell us some of her plans to increase sales. Brewer comes from Starbucks, where she was COO, and speaking like someone who owns Starbucks for my charitable trust, her loss to Walgreens was a real blow.”

Micron

• Fiscal results for the second quarter of 2021 after the bell rang; phone call at 16:30 ET
• Designed EPS: 93 cents, according to FactSet

“I also can’t wait to hear from Micron after closing. I think both lines of business – and that’s DRAM and flash – are humming. I expect them to grow substantially. The stock seems to anticipate this,” Cramer said.

Dave and Buster

• Fourth quarter 2020 results after market closure; phone call at 17:00 ET
• Estimated loss per share: $ 1.29, according to FactSet

“I guess his stock will react well, whatever it is, because it’s such an obvious reopening piece. I saw it with Darden,” Cramer said, referring to Father Olive Garden. “I thought everyone knew Darden would be good. [The stock] everything went higher. … I’m waiting for the same story from Dave & Buster. “

CarMax

• Fourth fiscal quarter 2021 before the bell; phone call at 9 am ET
• Designed EPS: $ 1.26, according to FactSet

“I think of all this, this will be the best quarter of the week. This will be the stellar one, because CarMax sells mostly used vehicles,” Cramer said. “Right now, carmakers continue to cut production because they can’t get enough semiconductors, so more and more people are buying second-hand and that’s raising prices. CarMax is in the sky.”