Faith in FAANG: Cramer’s ‘Mad Money’ Recap (Monday 11/30/20)

Laveta Brigham

The FAANG stocks have led the market higher and they’re going to continue to lead us higher, Jim Cramer told his Mad Money viewers Monday. While some money managers are advocating to rotate into the oils and the cyclical stocks, Cramer said he’s sticking with the winners. The FAANG stocks […]

The FAANG stocks have led the market higher and they’re going to continue to lead us higher, Jim Cramer told his Mad Money viewers Monday. While some money managers are advocating to rotate into the oils and the cyclical stocks, Cramer said he’s sticking with the winners.

The FAANG stocks of Facebook  (FB) – Get Report, Amazon  (AMZN) – Get Report, Apple AAPL, Netflix  (NFLX) – Get Report and Alphabet  (GOOGL) – Get Report aren’t economically sensitive, Cramer said, they’re in charge of their own destiny.

Facebook has changed its image from one of the most hated companies to a champion of small business and its advertising platform is second to none.

Shares of Apple may seem overvalued at 30 times earnings, but with a falling U.S. dollar, Apple’s overseas earnings are going to translate into huge profits.

Amazon remains the most essential retailer in America, and with Cyber Monday, look for more estimate bumps coming soon.

Then there’s Netflix, the streaming media giant that still knows exactly what we want to watch, even in an environment where there’s not a lot of new movies being released. Cramer said investors continue to underestimate Netflix.

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