Dow futures continued to rise ahead of election day as stocks rallied. The markets seem to predict a clear win for former Vice President Joe Biden in today’s long-awaited presidential election.
In the final episode of Mad Money, Jim Cramer said that when it comes to stocks, there is growth, value, and no value. And with just a few hours to go to the election, all three categories are displayed during Monday’s trading session.
TheStreet’s Katherine Ross and Cramer on Street Lightning talked about the purchase of Plug Power shares, the Dunkin takeover deal, and the post-election stimulus.
Plug Power Stock: Buy or Sell?
Plug in the power (PLUG) ̵1; Receive reports Earlier this month it said it was joining shipping operators to promote the McKinsey study launch “Road Map to the US Hydrogen Economy”. The study examines how hydrogen can impact the economy, including transportation, power generation, grid balance, industrial fuels, raw materials and fuels for residential buildings, and Commerce.
Robinhood investors “should absolutely consider buying Plug Power stock and see it as a carbon-free stock,” Cramer said. He said everyone should watch blue hydrogen.
Stocks Dunkin: Buy or Sell?
Dunkin brand group (DNKN) – Receive reports Shares moved higher on Monday after the coffee and donut chain agreed to take over $ 11.3 billion from private equity group Inspire Brands in its biggest restaurant deal since 2014.
Inspire Brands, which operates a portfolio of about 11,000 restaurants around the world, including Arby’s, Sonic and Buffalo Wild Wings, said late Friday that it will pay $ 106.50 per share. for Dunkin ‘Brands, which owns both the coffee and donut chains as well as the Baskin Robbins Ice Cream Shops.
Cramer says that even with that deal, Dunkin is not a solid competitor to Starbucks (SBUX) – Receive reportsbut it has a good seat model that is in line with the COVID-19 era.
The stimulus will come but the job will disappear
A stimulus package deal has yet to be confirmed, despite talks in Washington last month when House of Representatives Speaker Nancy Pelosi expressed optimism that a bailout package could be reached.
Cramer said that a stimulus deal will be made through Joe Biden or Donald Trump winning the presidency, and this will make up for the hotel sector. But jobs will disappear, according to Cramer, who says bars are the worst place to get COVID-19, followed by restaurants.
He thinks some restaurants already have a big quarterly income like the Cheesecake factory (CAKE) – Receive reports and Texas Roadhouse (TXRH) – Receive reports still can be in good business, but he said investors shouldn’t buy those shares because if Biden wins, restaurants may have to cut capacity again based on scientists’ comments.
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