Jim Cramer: Stocks are driving e-commerce, autos and steel markets higher

"Mad Money" host Jim Cramer highlights winning stocks.

CNBC’s Jim Cramer on Thursday said multiple segments in the stock market have crossed over from bear to bull market territory in recent weeks as the U.S. economy continues its recovery from the coronavirus lockdown.

The market action has helped raise the major averages, which have all clawed back a chunk or all of their losses from the coronavirus sell-off between February and March. A bear market is defined as a stock price that’s 20% below a recent high.

After Thursday’s session the Dow, which slipped about 40 points, is now within 12% of its all-time closing high. The S&P 500, which inched up 0.06%, is now within 8% of its own February high. The Nasdaq Composite is within 1% of the record close it set a little more than a week ago.

“When a rally has leaders from many different groups, [we] say it has good breadth,” the “Mad Money” host said, “and the better breadth we have the more kissable this market is, and that’s what we’re actually seeing right now.”

The stock guru pointed out 10 bull markets on Wall Street and highlighted the stocks that are leading the way higher.

Work-from-home cohort

Zoom Video
RingCentral
Zscaler
Cloudflare
Palo Alto
Okta
Payments

PayPal
Square
E-commerce

Shopify
Etsy
Wix.com
Adobe
Twilio
Amazon
Cooking

Kroger
McCormick
Williams-Sonoma
Autos and related companies

Carmax
Lithia Motors
Carvana
Vroom
Spotify
Sirius XM
Steel

Nucor
Plastics

LyondellBasell Industries
Dow
Westlake
Housing and improvement

Lowe’s
Home Depot
Stanley Black & Decker
PPG Industries
Masco
Trex
Azek
Sherwin Williams
Lennar
Toll Brothers
Home entertainment

Roku
Activision Blizzard
Take-Two Interactive
Netflix
Peloton
Pantry

Clorox
“The 10 bull markets I just mentioned will keep working as America reopens,” Cramer said. “But rampant speculation” is just an “accident waiting to happen.”

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