CNBC’s Jim Cramer on Wednesday provided investors with a list of stocks he thinks may bounce back soon.
“Syrian Pound [500]It’s down about 25% for the year, and we’ve been eleven months since the bear market started. The average bear market lasts only 13 months. So maybe we’ll have an expiration date soon, and soon, some of those will show up.”
To come up with the companies, he reviewed the new 52-week low list for the S&P 500 Index. Here are his picks:
- KeyCorp
- American bank
- c. B. Morgan Chase
- Accenture
- Service now
- Domino’s Pizza
- yum! Trademarks
- GENERAC
- Stanley Black and Decker
- Standard & Poor’s International
- American Tower
- crown castle
- SBA Communications
- Mid-America apartment communities
Markets have plummeted this year due to Russia’s invasion of Ukraine, rising inflation, Fed rate hikes and recession fears.
Cramer said that despite the market downturn, PepsiCoRevenue and profits outperform its last quarter Wednesday’s report proves that battered stocks of exceptional companies can bounce back.
Shares of PepsiCo rose 4% on Wednesday.
“I’m just trying to give you a more constructive perspective based on that of PepsiCo, which is also pathetic that suddenly turned out to be a huge winner, and I think PepsiCo, by the way, is just getting started,” he said. ..
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