The COVID pandemic is receding into the rear view mirror, and good riddance to it. It’s left a mark, though, and in areas as varied as education, employment, and e-commerce, we’ll be dealing with the repercussions for months, or even years, to come.
For investors, the pandemic was the time to get into companies connected with online shopping, home digital entertainment, and wireless networking. With the lockdowns and work-from-home, these areas soared. But – they’ve seen sharp losses more recently, as the economy has normalized.
That said, there are some firms, especially in e-commerce, that are bouncing back after the post-pandemic crunch. Jim Cramer, the well-known host of CNBC’s Mad Money, has taken notice, and is describing some of these stocks as his current favorites. Even though their rebounds haven’t pushed them back to corona-era highs, Cramer believes that they have potential to keep going. As he puts it, “Most of the Covid stocks are still in the doghouse — where they belong. But some of them have started making real comebacks and I think they’ve got more room to run.”
We’ve used the TipRanks platform to look up two of Cramer’s rebounding ‘Covid stocks,’ and found that some of Wall Street’s analysts are in agreement on their potential. So let’s take a closer look at them, to find out just what is drawing Cramer to them.
Pinterest, Inc. (PINS)
The first Cramer pick we’re looking at is Pinterest, the online visual social bulletin board. The Pinterest platform allows users to publish content based on images, and sorted by categories. Early on, it was billed as a social image curator, but more recently it has lent itself to e-commerce users as a digital ‘visual storefront,’ letting customers easily see, search, and browse available products. Pinterest has embraced that use, and is shifting its revenue base from paid ads to e-commerce.
That shift is what draws Cramer to the stock. He says, “I think Pinterest’s shift from advertising to e-commerce could be a big story next year,” and he is unequivocal in his response to…