Whispers about Friday’s unemployment number, whether good or bad, pushed and pulled the markets in either direction today, Cramer said during Mad Money. This alone has him thinking that a miss tomorrow, meaning fewer-than-expected jobs have been created, will cost the Dow “an awful lot of points.”
Therefore, investors must be prepared. And the best way to do that – aside of owning accidental high-yielders and staying diversified – is by owning what Cramer called the C.A.N.D.I.E.S. stocks. These are the high-growth stocks that rallied the hardest yesterday, when the Dow snapped back 226 points after a 100-point loss the day before. They even held up well against today’s erratic moves, and Cramer thinks they offer the best protection against Europe’s debt woes, China’s government-mandated slowdown, what seems like an anti-business US Congress and even BP’s Gulf of Mexico oil spill.
So who are the C.A.N.D.I.E.S.?
- Deckers Outdoor
- Intuitive Surgical
- Express Scripts
Cramer has spent a lot of time talking about most of these stocks, but on Thursday he wanted to reintroduce viewers to Intuitive Surgical and Express Scripts.