It's inauguration day.
President Joe Biden became the next President of the United States as of noon Wednesday, Jan. 20, 2021.
While Jim Cramer expressed optimism in an improved vaccine rollout and increased stimulus, he said he and his Action Alerts PLUS charitable portfolio will be focused on the core tenet of Biden's inaugural address.
"We’re uniquely focused on unity and what that will mean," Jim Cramer said during his daily interview with TheStreet Live.
Cramer added that as Biden begins his first 100 Days, he will be focused on the automotive sector.
In Wednesday's special market breakdown, Jim Cramer talks his expectations for Inauguration Day, Biden's first 100 days, P&G (PG) - Get Procter & Gamble Company (The) Report, Tesla (TSLA) - Get Tesla Inc. Report, Netflix (NFLX) - Get Netflix Inc. Report and more:
So, let's cover what investors and Wall Street are watching so far.
"What should investors be buying now that vaccines are starting to be administered worldwide and our economy will soon be reopening? Back in August, Cramer provided a "Go List" of stocks he said would be at the heart of the recovery. Since then, these 11 stocks have rallied 36%, almost triple that of the Dow Jones Industrial Average," wrote TheStreet's Scott Rutt in his Mad Money recap.
"Cramer noted that the only two laggards on his Go List were 3M (MMM) - Get Report and Mastercard (MA) - Get Report. He wouldn't be a buyer of either today. His industrial picks of Emerson Electric (EMR) - Get Report, Union Pacific (UNP) - Get Report and Nucor (NUE) - Get Report were only up slightly, but Cramer remained bullish," he continued.
Curious about what Jim Cramer and his team at Action Alerts PLUS are watching in the markets? Watch Cramer's exclusive members-only Daily Rundown show on Action Alerts PLUS following TheStreet Live.