As the COVID-19 Delta variant spreads, cities and states institute new restrictions in what Jim Cramer calls a 'pseudo-lockdown'.
But he sees some retail stocks as benefiting from the measures and has created a new acronym to classify this group of mega-retailers: 'WATCH' Stocks.
The 'WATCH' stocks are Walmart, (WMT) - Get Walmart Inc. Report, Amazon (AMZN) - Get Amazon.com, Inc. Report, Target (TGT) - Get Target Corporation Report, Costco (COST) - Get Costco Wholesale Corporation Report, and Home Depot (HD) - Get Home Depot, Inc. (HD) Report.
Jim Cramer also believes delivery service companies UPS (UPS) - Get United Parcel Service, Inc. Class B Report and FedEx (FDX) - Get FedEx Corporation Report will also see increased business from the online shopping trend.
See more of Jim Cramer's insights on WATCH stocks.