The “old guard” of investors is once again at the forefront

Investors are optimistic about the launch of the Covid vaccine, said Jim Cramer of CNBC, which fueled a rebound in U.S. stocks on Friday.

The Dow Jones Industrial Average added 453.40 points, or 1.4%, while the broad S&P 500 advanced 1.7% to close at a record high. The Nasdaq, which has had a strong technological reach, after falling 0.8% at one point, ended the trading day at 1.2%.

“Virtually every sector saw an aggressive purchase, except for the once hot, very expensive and hard-to-understand technology stocks,” the host of “Mad Money” said. “I think this is the ‘Great Reopening,’ as the United States will have received 240 million vaccines next week from Moderna, Pfizer and J&J as they increase.”

Increasing vaccine availability means bottled consumer demand is making its way into the economy sooner than expected, Cramer said. He noted that L Brands, owner of Bath & Body Works and Victoria’s Secret, raised its profit forecast for Friday in the first quarter. The company’s shares rose more than 3% during the session.

“The reopening trade is opening up a wide network,” Cramer said. “I think the purchase was so powerful that it overshadowed the endless liquidation of shares that were previously valued by younger buyers,” he added.

It’s not exactly clear where the new market participants went, Cramer said. Still, he said, it looks like “the old guard is back in charge.”

“For once, the‘ Great Reopening ’trade felt like a big positive today … with many winners and very few losers,” he added. “If this is the new normal, call me a happy camper, but let’s see if it holds up next week.”

Cramer offered his game plan for the next win list:

McCormick & Company

• Results for the first fiscal quarter 2021 before the bell; conference call at 8:00 ET
• Expected EPS: 59 cents, according to FactSet

“We’re going to know how successful this company is with the‘ Great Reopening. ’Here’s the problem: McCormick has a big food service business where they supply restaurants, and that’s been a real dog,” Cramer said. “But the stock has had a fabulous performance over the last year because its consumer business thrived under the home economy. Now, I think people will assume that the stock has followed its course now that we’ve vaccinated more than 2.5 million people a day. “

PVH

• Fourth quarter 2020 results after the bell; conference call at 9:00 ET Wednesday
• Loss per expected share: 32 cents, according to FactSet

Lululemon

• Results for the fourth fiscal quarter 2020 after the bell; conference call at 4:30 pm ET Tuesday
• Expected EPS: $ 2.49, according to FactSet

“After the closure, we have news of a garment company that considers itself a victim of the pandemic, PVH, and that is considered a Covid winner, Lululemon,” Cramer said. “I think the market has decided it’s time for PVC to shine: it’s been roaring since the real vaccine was launched. Lulu, on the other hand … has been shunned because everyone thinks about their clothes. casual that he wears when he stays home from work and no one looks at you. Let’s see what they have to say. “

Chewable

• Fourth quarter 2020 results after the bell; conference call at 5 pm ET Tuesday
• Loss per expected share: 10 cents, according to FactSet

BlackBerry

• Fourth quarter 2020 results after the bell; conference call at 5:30 p.m. ET
• Expected EPS: 3 cents, according to FactSet

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

“The WallStreetBets crew likes Chewy because it was co-founded by Ryan Cohen. He’s the man with the plan to spin GameStop since he was put on the board,” Cramer said. “As for Blackberry, it’s one of the meme stocks that caught fire in January thanks to a little Reddit-induced compression. I don’t see the appeal. Maybe the fourth can change its mind. Don’t catch your breath.”

Walgreens Boots Alliance

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

Walgreens ’new CEO Rosalind Brewer is“ one of my favorite executives, ”Cramer said. “We hope he tells us about some of his plans to increase sales. Brewer comes from Starbucks, where he was COO, and talking like someone who owns Starbucks for my solidarity trust, losing it against Walgreens was a real blow.”

Micron

• Results for the second fiscal quarter 2021 after the bell; conference call at 4:30 p.m. ET
• Expected EPS: 93 cents, according to FactSet

“I can’t wait to hear from Micron after the closure either. I think its two lines of business (and that’s DRAM and flash) are buzzing. I expect the numbers to increase substantially. Shares seem to anticipate that,” Cramer said. dit.

Dave and Buster

• Results for the fourth quarter of 2020 after the market closed; conference call at 5 pm ET
• Loss per projected share: $ 1.29, according to FactSet

“I suspect his actions will react well anyway, as it’s such an open opening. We saw it with Darden,” Cramer said, referring to Olive Garden’s father. “I thought everyone knew Darden would be fine. [The stock] it went even higher. … I look forward to the same story as Dave and Buster. “

CarMax

• Fourth fiscal quarter 2021 before the bell; conference call at 9:00 ET
• Expected EPS: $ 1.26, according to FactSet

“I think of all of these, this is going to be the best quarter of the week. It’s going to be the most stellar, because CarMax sells most 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 used cars and that’s driving up prices. CarMax is in the sky.”