On CNBC’s “Mad Money,” Jim Cramer advised against falling into the trap of “thinking that the whole market will get wrecked by persistent inflation.”
He said there were “vast swathes of the market” that could benefit from inflation, including some banking, tech and large pharma stocks.
“That’s a huge chunk of this market, unlike any combination I’ve ever seen. Plenty of winners out there if you just stop freaking out and start looking at the opportunities,” Cramer commented.
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Cramer recommended the following stocks to benefit from inflation:
Energy
- Chevron CVX
- Devon Energy DVN
- Pioneer Natural Resources PXD
- Coterra Energy CTRA
- Cheniere Energy LNG
- Tellurian TELL
- Enterprise Products Partners EPD
- Williams Companies WMB
Banks
- Goldman Sachs GS
- Morgan Stanley MS
- Wells Fargo WFC
Tech
- Salesforce CRM
- Adobe ADBE
- Workday WDAY
- Amazon AMZN
- Microsoft MSFT
- ServiceNow NOW
- Snowflake SNOW
- Nvidia NVDA
- Advanced Micro Devices AMD
- Applied Materials AMAT
- Palo Alto Networks PANW
- CrowdStrike CRWD
- Cloudflare NET
- Snap SNAP
- Facebook FB
Big Pharma
- Johnson & Johnson JNJ
- Eli Lilly LLY
- Photo: Jim Cramer / Tulane Public Relations
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