celebrities market commentator Jim Cramer suggested three communications service stocks bought in an otherwise “untouchable” group.
What happened: “In a terrible year for stocks, communications services were the worst performing group in the S&P 500, which is really saying something,” Cramer said. according to to CNBC.
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The communications services sector includes telecom companies, media and entertainment companies, and some large internet companies.
The following are the three stocks Cramer is talking about:
1) T-Mobile US Inc. TMUS: The market analyst dubbed the company the top-performing wireless carrier in the US, adding that he believes in the stock’s ability to upside. T-Mobile shares are up over 22% year-to-date.
2. Walt Disney Co. DIS: Cramer said the company will turn around given that CEO Bob Iger returned to the helm. Walt Disney shares have lost over 43% since the beginning of 2022.
3. Netflix Inc. NFLX: Cramer said he’s “feeling better and better” about the company. Netflix shares have lost over 50% since the beginning of the year.
Cramer’s recommendation comes at a time when the long awaited Santa Claus rally did not materialize after continued interest rate hikes federal reserve this year in both the stock and bond markets.
That SPDR S&P 500 ETF Trust SPY Lost over 19% this year while the Vanguard Total Bond Market Index Fund ETF BND lost over 13%.
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