Jim Cramer sees a ‘second reopening’ commerce within the restoration shares

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CNBC’s Jim Cramer delivered an upbeat tune on Monday, predicting that the reopening games will pick up again if the U.S. achieves herd immunity to Covid-19.

“If, through a combination of vaccines and infections, we achieve some sort of pseudo-herd nationwide immunity, or even peak in new cases, it could be like a second reopening for the travel, leisure, retail, industrial and energy stocks” said the Mad Money presenter.

“Once we get past this new breakout, they will be the right place to invest,” said Cramer, despite not making any stock recommendations.

Cramer wrote to Dr. Scott Gottlieb said he helped spark stock purchases on Monday. Using the UK as an indicator, the Pfizer board member and former head of the US Food and Drug Administration told CNBC that he expects Delta transmissions in America to peak within a month.

The comments made Cramer more positive about the health outlook.

“If Covid burns itself out, you want to own exactly the kind of stock that you would sell if you were concerned about the nightmare scenario that this market simply refuses to stay down on,” Cramer said.

Although Cramer is optimistic about games reopening, the market is still facing a number of threats, including rising Covid cases in the US, driven by the highly contagious Delta variant and ongoing inflation. Cramer also named infrastructure negotiations in Washington, debt ceiling concerns and geopolitical problems with China as other major risks in a “nightmare scenario”.

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Disclosure: Scott Gottlieb is a CNBC employee and a member of the board of directors of Pfizer, genetic testing startup Tempus, health technology company Aetion Inc., and biotechnology company Illumina. He is also co-chair of the Healthy Sail Panel of Norwegian Cruise Line Holdings and Royal Caribbean.