CNBC’s Jim Cramer on Monday offered his 2022 outlook for the 10 worst-performing stocks in the S&P 500 last year, when the broad equity index advanced nearly 27%.
The “Mad Money” host also shared his expectations for the S&P 500’s biggest winners on Monday’s show.
“The worst performers in the S&P last year look like they’re going to keep underperforming in 2022 unless we get some major sea-changes and I just don’t see that happening” in the near or medium term, Cramer said.
1. Penn National Gaming
2. Global Payments
While Cramer said Global Payments had been a “perennial winner,” the financial technology company’s stock struggled in 2021, falling 37%.
“I’ve always admired Global Payments, as well as the card issuers and the small business empowerment plays and the buy-now pay-later outfits, but there are just too many darned stocks in the group,” Cramer said. “They’re all too expensive, especially compared to the super-cheap bank stocks that should get a huge profitability boost as the Fed raises rates.”
3. Las Vegas Sands
4. Activision Blizzard
KIEV, UKRAINE
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Cramer said he thinks Activision Blizzard may actually rise of Kotick leaves the company “because it’s a hit driven business that’s not generating the kind of hits people have come to expect, perhaps because they don’t want to work for Bobby anymore.”
5. MarketAxess Holdings
6. Viatris
7. Citrix Systems
“I’m not sure what to do with this much-less proprietary software company that might be put up for sale at the urging of some powerful activist investors,” Cramer said. “If they walk away, I have no idea what Citrix is worth, other than the fact that it was down 27% last year and it once traded much higher. These guys used to be the king of business collaboration software … but now it’s become a very crowded industry.”
8. Wynn Resorts
A pedestrian with an umbrella walks in front of the Wynn Palace casino resort, operated by Wynn Resorts Ltd., in Macau, China, Jan. 31, 2018.
Billy H.C. Kwok | Bloomberg | Getty Images
Cramer said his outlook on Wynn Resorts is similar to that of Las Vegas Sands. He noted that while he owns Wynn Resorts in his charitable trust, his favorable view on the stock has been wrong to date. Cramer said he thinks Wynn Resorts, which fell about 25% in 2021, could be “stuck in a rut” until the Covid pandemic subsides.
9. IPG Photonics
“It’s got real earnings, but it had a shortfall thanks to weakening Chinese sales that crushed the stock. I know that IPG Photonics is, therefore, in the doghouse. But it has very good prospects, which is why it still sells for 35 times earnings.”
10. Fidelity National
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