Jim Cramer’s 10 Surprising Coronavirus Winners Outperforming The Market

CNBC’s Jim Cramer on Tuesday reviewed 10 stocks that have made surprising gains during the current economic downturn that he said would otherwise lag the market in a normal recessionary environment.

As of Tuesday’s close, the S&P 500 is down 0.38 percent year to date.

“Coming into the pandemic induced recession, you might’ve expected these 10 stocks … to be horrendous, but so far they’ve been some of the biggest winners,” the “Mad Money” host said. “I think this pandemic paradox can keep winning as long as we get another meaningful stimulus package … in the not too distant future.”

POLARIS

Shares of the off-road vehicles manufacturer are up 3.5 percent this year to $105.26.

“Normally when we go into a recession, Polaris gets crushed because ATVs and snowmobiles are the ultimate in discretionary spending,” Cramer said. “This time, though, Polaris delivered much better than expected numbers, and even Scott admitted to me that he hadn’t seen it coming. Turns out that riding an ATV is the ultimate pandemic pastime.”

THOR INDUSTRIES

Shares of the motorhomes and campers manufacturer are up 56 percent year to date, closing Tuesday at $115.90.

“There are so many rich people who want socially distanced vacations and that means buying or renting expensive RVs, which is why Thor’s stock is flying,” Cramer said.

CAMPING WORLD

Shares of the RV manufacturer have rallied 147 percent to $36.45 this year.

“Traders thought it would blow up during a recession,” he said. “Turns out, it did blow up, from $3 to $36, because people love camping in the age of Covid.”

For the complete top 10 list, check out the full article from CNBC here.