Jim Cramer of TBEN on Wednesday gave young investors a list of stocks he thinks should be on their shopping list.
“If you’re a younger investor, you need to take some risk in your portfolio – that’s how you have the chance to generate massive returns. I recommend betting on long-term stories that can eventually give you big profits, as long as you’ve got patience,” he said.
Cramer explained that junior growth stocks are smaller, faster-growing companies that could become huge in the future. “Four or five years ago, Tesla was just a tiny bit of junior growth stock. Well, there’s nothing junior about the stock anymore.”
He added that these stocks are particularly attractive investments for investors still in their twenties because they have time to correct potential mistakes and invest in stocks that may take time to explode.
Here are the 3 junior growth stocks that Cramer recommends:
- While EtsyWhile stock valuation became a bit “excessive” during the height of the Covid pandemic, the underlying business remains solid, Cramer said.
- He said continued strong demand for travel will help it rise Airbnb‘s earnings.
- “I think Dutch Bros is a fantastic long-term asset as long as you can get it now, under $40,” he said.
