Jim Cramer says the 'lockdown trade' is back as coronavirus concerns rise

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Jim Cramer says the 'lockdown trade' is back as coronavirus concerns rise
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benefits from not only the persistence of remote work, but the company's digital signature software also is essential in the strong home market, Cramer said. The stock was up more than 5% Monday.

Despite the opportunities presented by the aforementioned stocks, the host said he cannot advise investors to buy his every component in. That's because it contains some of the pharmaceutical companies working on vaccine and therapeutic development, he said. "The drugs stocks are, once again, under assault. It's the run-up to an election and they're mighty hard to own because both parties love to bash big pharma, even as I think it's all rhetoric," said Cramer.

Uncertainty around the election, more broadly, is now casting a shadow over Wall Street. But Cramer said the coronavirus pandemic remains a huge influence on the direction of the market and therefore, how investors should be positioned heading into the fall. "Look at it like this: as long as there's a big line to get into elevators at offices, you can keep expecting cases will keep climbing, which means we're right back to where we started from," he said

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