Jim Cramer advises investors not to get too optimistic over Moderna vaccine progress
CNBC’s Jim Cramer on Monday recommended investors adopt a “barbell” investment strategy as Wall Street looks forward to a reopened U.S. economy.
A barbell strategy is one where investors opt to buy securities that fit into two likely scenarios and avoid the ones in between. In Cramer’s case, his investment thesis on one end is to find stocks that can work in the pandemic and on the other end those that will work post-pandemic.
“You need a barbell with the Covid-19 winners on one end, the stay-at-home stocks,” and the “economic recovery winners on the other end,” the “Mad Money” host said. “The barbell portfolio was the best strategy for today,” given the latest developments from Moderna.
Wall Street players were motivated to buy stocks after Moderna released positive data from its Covid-19 vaccine trials, sending the major indexes up. Investors were also …continued .
[Source: CNBC News]