CNBC’s Jim Cramer’s Top 10 Stocks to Watch in December
CNBC’s Jim Cramer on Monday listed ten stocks he thinks will do well in December, saying winners from November usually continue to perform during the last month of the year. Here are the stocks Cramer has his eye on:
1. Palantir – Cramer praised the software company’s management and its defense business, which works with the Pentagon.
2. Axon – Cramer suggested it is poised to do well as a GOP trifecta in Washington likely means police will receive more funding, and the company has new software that includes artificial intelligence.
3. Tesla – Cramer said Tesla CEO Elon Musk’s loyalty to President-elect Donald Trump will likely lead to rewards for the company and its automated vehicle business.
4. Texas Pacific Land – A new addition to the S&P 500, this landowner has a large chunk of acreage in the Permian Basin.
5. Tapestry – Known for luxury retail brands, Cramer dubbed Tapestry a “rebounding apparel company” after its stock climbed since the Federal Trade Commission blocked its acquisition of peer company Capri.
6. EPAM Systems – Cramer said this enterprise software company has come back as “part of the return of the enterprise software primacy over hardware”.
7. Warner Bros Discovery – Cramer said the company is becoming more valuable as it improves its balance sheet, and a new presidential administration will be a “ratings bonanza” for CNN.
8. Vistra – Cramer said the company is bound to see success as data centers continue to gobble power, especially as demand for clean energy grows.
9. McKesson – Cramer said the company distributes medicine and healthcare services and may benefit from Trump’s presidency, as it may have otherwise been on the radar of regulators.
10. EQT – This large natural gas company is a major Trump stock, with Cramer pointing out that the president-elect is expected to lift the pause on new LNG export projects put in place by Biden.
