The ongoing global pandemic has made short-term fluctuations in equities a rather commonplace phenomenon. But if you can hold your nerve through such oscillations, Jim Cramer has two “junior growth” names that he’s convinced could make you big money in the long run.
Cramer’s bullish case for Roblox Corp
His first pick is Roblox Corp (NYSE: RBLX) that Cramer dubbed the “true inventor of metaverse”. The stock is down nearly 15% since November 19th that makes up a buying opportunity. On Mad Money last night, Cramer said:
For a while, Roblox was viewed as a pandemic play, but it’s one of the few that has transcended that. I’m a big fan of CEO David Baszucki, and I think you need to treat any further weakness as a buying opportunity. It’s pretty much of a gift here frankly.
Last month, Roblox reported strong quarterly results that made Morgan Stanley upgrade the stock to “overweight” with a price target of $150 that represents a close to 30% upside from here.
Cramer explains why he likes Etsy Inc
Another one on Cramer’s list of top “junior growth” stocks is Etsy Inc (NASDAQ: ETSY). The report of a new COVID variant wasn’t well-received at the eCommerce company, which is why the stock tanked nearly 20% over the last two weeks.
We keep hearing that retailers don’t have enough inventory due to the supply chain crisis. But Etsy doesn’t have that problem. It’s an empowerment story of our time; a place where younger people like to buy presents that are often more environmentally friendly.
Cramer, however, warns that it’s not a stock for someone looking for a “smooth ride”. Guggenheim currently has a “buy” rating on Etsy with an upside to $330.
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