Jim Cramer’s 2022 forecast for worst performing Dow stocks in 2021
CNBC’s Jim Cramer on Wednesday released his 2022 outlook for last year’s worst-performing stocks in the Dow Jones Industrial.
The host of “Mad Money” also gave his predictions for the best performers of the blue chip index.
âThere are a few comeback stories in dogs from the Dow Jones, but for the most part I don’t expect these dogs to have their day in 2022,â Cramer said.
Walt Disney shares fell 15% last year, which Cramer said was not a fun experience because his charitable investment trust owns the shares. However, Cramer said he believes the media and entertainment giant will start getting more credit for its “perfect balance of home, theater and vacation assets” once the Covid pandemic subsides. .
“These phone and cable companies are fundamentally competitive utilities,” Cramer said, describing it as “a terrible place to be.”
A pilot greets a Boeing 777X aircraft on its first test flight from the company’s plant in Everett, Washington, U.S., Jan.25, 2020.
Terray Sylvestre | Reuters
It’s been a tough few years for Boeing, Cramer said, but he noted that his charitable trust still owns the shares. Allegiant Air’s decision to buy 50 new Boeing 737 Max could be a “harbinger of a setback” for Boeing, Cramer said.
Cramer criticized Amgen’s recent performance and its future prospects, calling the drugmaker’s actions “dug.” He added: “I thought Amgen was supposed to be a growing company, but when it comes to biotech, it’s a fossil.”
Honeywell, which fell 2% in 2021, is one of Cramer’s top stock picks for 2022. He said Wednesday he believes in the industrial conglomerate’s leadership team, but attributed much of the challenges of the action to the aerospace unit of the company.
Cramer called Merck’s recent stock market performance “extremely disappointing.” As the stock rose 2.43% on Wednesday, Cramer said he was unsure of “what could support the recovery” and suggested investors sell the stock.
A pedestrian wearing a protective mask walks past the Visa Inc. headquarters in Foster City, California.
David Paul Morris | Bloomberg | Getty Images
While Visa stocks have lagged the Dow Jones over the past year, Cramer said historically it is “often the prelude … of a very big move.”
Small businesses that have tried to take part in the payments processing space have been a headwind for Visa stocks, as well as their competitors. Mastercard, Cramer said. Of the two, Cramer said he prefers Mastercard for his growth.
“If they can’t get more users from their [membership program, Walmart+]”Cramer said he could use his future strength to sell the stock” because there are many more consistent retailers. “
Michael Roman, CEO, 3M
Scott Mlyn | CNBC
Industrial giant 3M has had “a difficult year and yet it always ended in the dark, despite several guide drops based on several different divisions – which is not typical for this large company,” Cramer said. âThe stock doesn’t look like it’s going to go much lower here, but I don’t see anything that could reverse it,â he added.
âI love this one. I also believe in management,â Cramer said. âHowever, I don’t care where we are in the chemicals cycle – they’ve almost all peaked.â¦ Bad stock to own when the Fed starts to tighten. There are better fish to whip.â