The S&P 500 is setting a record high Thursday as tech stocks are leading the market higher. The Dow is down in trading with Verizon Communications (VZ) - Get Verizon Communications Inc. Report leading it lower with the communications company down over 2%.
In the last episode of Mad Money, Jim Cramer said it's futile to speculate on what consumers will do when everyone's vaccinated, and investors should stick with stocks that thrive no matter what.
TheStreet's Katherine Ross and Cramer are talking about his semiconductor stock picks and the strategy to pick stocks for his charitable trust.
Semiconductor Stock Picks
White House national security and economic officials will meet with semiconductor makers and auto company representatives later this month on April 12 to discuss the impact ongoing computer chip shortages are having on the U.S., according to a published report Thursday.
Cramer said he liked Marvell (MRVL) - Get Marvell Technology Inc. Report, Broadcom (AVGO) - Get Broadcom Inc. Report, Nvidia (NVDA) - Get NVIDIA Corporation Report and Lam Research (LRCX) - Get Lam Research Corporation Report in addition to AMD (AMD) - Get Advanced Micro Devices Inc. Report and Applied Materials (AMAT) - Get Applied Materials Inc. Report.
Action Alerts PLUS April Members-Only Call
Cramer will host a call for the members of Action Alerts PLUS at 11.30 am EST on Thursday. The members-only club is a subscription product unlike any in the investing community.
Action Alerts PLUS club members get access to how Cramer manages a portfolio and how he decides to put money to work in the market. Cramer trades real money in his Action Alerts PLUS, with all recognized profits going to charity.
Cramer said he usually likes to add stocks that go lower to the bullpen for the Action Alerts PLUS portfolio. "We're constantly probing for the next big thing," he said.