prominent market commentator Jim Cramer have suggested Three communication service stocks that are otherwise in the “untouchable” group are bought.
What happened: “In a terrible year for stocks, communications services was the worst-hit group in the S&P 500, which is really saying something,” Cramer said. according to CNBC.
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The communications services sector includes telecommunications companies, media and entertainment companies, and some large Internet companies.
Following are the three stocks that Cramer talks about:
1) T-Mobile US Inc. Tmus: The market expert called the company the best-performing wireless carrier in the US and said he believes in the stock’s ability to soar. Shares of T-Mobile are up more than 22% since the start of the year.
2. the walt disney company district: Cramer said the company would replace itself as its CEO given the fact bob iger Has returned to the helm. walt disney shares There has been more than 43% shedding since the beginning of 2022.
3. Netflix Inc. nflxCramer said he’s “feeling better and better” about the company. netflix shares Has lost more than 50% since the beginning of the year.
Cramer’s recommendation comes at a time when much anticipated santa claus Rally not materialized after successive rate hikes by federal Reserve Equity and bond markets alike have declined this year.
SPDR S&P 500 ETF Trust Spy There was a loss of more than 19% this year while Vanguard Total Bond Market Index Fund ETF bnd shed over 13%.