Jim Cramer Reveals 10 Stocks Set to Perform Well in December
Jim Cramer shares his top 10 stock picks for December, forecasting strong performance in the final month of the year. These stocks are expected to see growth based on market trends, company fundamentals, and other factors. Cramer’s insights offer investors valuable information on which stocks to watch as they navigate the market in December.
On Monday, CNBC’s Jim Cramer shared a list of ten stocks he believes will perform well in December. He explained that historically, the best-performing stocks from November tend to continue their upward trajectory into December. Cramer, who has extensive experience in the financial sector, pointed out that before launching his charitable trust over two decades ago, he ran a hedge fund and always sought out patterns that provided a strategic advantage. One of the most consistent patterns he identified was that stocks with strong performances in November often carry that momentum into the final month of the year.
Among the stocks Cramer is keeping an eye on this month, he listed:
Palantir: Cramer expressed strong confidence in Palantir, praising its management and highlighting the company's exceptional third-quarter results, which saw shares surge by 20%. He noted that this performance was one of the best of the year. Cramer also mentioned the strength of Palantir’s defense-related business, particularly its work with the Pentagon, which he believes will continue to drive success.
Axon: Specializing in law enforcement equipment, Axon is another stock Cramer expects to perform well. He pointed out that the likely Republican dominance in Washington will lead to increased funding for police departments, which could positively impact Axon’s business. Additionally, Axon recently reported stronger-than-expected quarterly results and introduced new artificial intelligence-powered software, further boosting its outlook.
Tesla: Cramer highlighted Tesla, noting the influence of CEO Elon Musk, a close ally of President-elect Donald Trump. He speculated that Musk’s political connections may benefit the company, particularly in areas like the automated vehicle business, where Tesla continues to innovate.
Texas Pacific Land: A new addition to the S&P 500, Texas Pacific Land is a landowner with substantial acreage in the Permian Basin. While Cramer noted that oil-related businesses are expected to succeed under Trump, he also warned that oil stocks underperformed during Trump’s last term due to excessive drilling, suggesting that Texas Pacific Land’s performance might not follow the typical trend.
Tapestry: Known for luxury brands such as Coach, Kate Spade, and Stuart Weitzman, Tapestry’s stock has risen following the Federal Trade Commission’s decision to block its acquisition of rival company Capri. Cramer emphasized that the market had initially doubted the merger, with some critics arguing that Tapestry would overpay for Capri. He referred to Tapestry as a “rebounding apparel company” and noted the positive momentum.
EPAM Systems: Cramer pointed out that EPAM Systems, a company specializing in enterprise software, has experienced a resurgence. He attributed this to the increasing dominance of enterprise software over hardware in the technology sector, which has helped propel the company’s recovery.
Warner Bros Discovery: Cramer highlighted Warner Bros Discovery as a stock with significant potential, noting the company’s improving balance sheet and the rising value of its assets. He also mentioned that the new presidential administration could bring a “ratings bonanza” for CNN, a division of Warner Bros, potentially increasing the company’s value further. Moreover, he speculated that Warner Bros Discovery could benefit from a merger if Trump loosens regulations.
Vistra: Vistra, a company that focuses on clean energy, was another stock Cramer mentioned. He noted that demand for data centers is driving increased energy consumption, which will likely benefit Vistra’s operations. As more industries move toward sustainable energy solutions, Vistra is well-positioned to capitalize on this growing trend.
McKesson: McKesson, a major distributor of pharmaceuticals and healthcare services, is another company Cramer expects to do well. He described McKesson as a “traditional middleman” in the healthcare supply chain, facilitating the movement of drugs from pharmaceutical companies to drugstores. He speculated that McKesson could see increased success under the Trump administration, as it may have faced greater regulatory scrutiny under President Biden’s policies.
EQT: Cramer also mentioned EQT, a prominent natural gas company. He suggested that EQT could benefit from Trump’s administration, particularly with the anticipated lifting of the moratorium on new LNG export projects that was imposed by President Biden. This shift in policy is expected to create favorable conditions for EQT’s growth.
Cramer’s list of stocks reflects a mix of industries, from technology and energy to pharmaceuticals and consumer goods. His analysis is based on a combination of factors, including political influences, market trends, and company fundamentals, all of which he believes will contribute to the success of these companies in December. By identifying these stocks, Cramer provides investors with actionable insights that could help them navigate the final month of the year and make informed decisions.
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