— lagged the averages in November, posting low-to-mid single-digit gains during the month. Apple and Alphabet were the exceptions, both growing about 10%.
"These stocks have gone out of style in the Wall Street fashion show, lamentably," Cramer said. "The smart money keeps telling you to get out of these big tech stocks into small cap, Russell 2000, anything that needs a roaring economy to thrive." The big tech stocks have been among the biggest winners in 2020, especially given that they all benefited from the stay-at-home trade. Now that Wall Street is keeping its eye on Covid-19 vaccine news to get a sense of the economic recovery, investors are swapping into stocks that would benefit from the reopening trade.
The aforementioned tech stocks, however, are not cyclical and are in control of their own destinies, according to Cramer. "There are some stocks that become a lot less attractive when the world goes back to normal, but not FAANG," Cramer said. "They don't care who's in the White House or how soon we get vaccinated."
crypto is going to make the FAANG stocks look like child’s play in the next decade. Don’t miss the boat bc it won’t wait for you.
katerogers SaraEisen
Won't the $TSLA inclusion to the S&P500 hurt $FANG as the re-balance impacts these large names?
False
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