Jim Cramer predicts these 10 S&P 500 stocks will do well in 2023

Jim Cramer gives his perspective on the upcoming earnings season

CNBC’s Jim Cramer on Wednesday offered investors a selection of stocks he thinks will do well this year.

To make his picks, he examined the S&P 500’s top and bottom performers over the past year and selected five potential winners for 2023 from each list.

“One of the easiest traps to fall into is just stick with the winners. And it works for a long time – until it doesn’t work anymore,” he said.

Here are the top performers from 2022 that Cramer thinks could keep growing this year:

Halliburton

  • Cramer predicted the stock was poised for a multi-year rally.

constellation energy

  • The company will likely be a big beneficiary of the Inflation Reduction Act funds, he said, adding that he believes Constellation Energy is the best nuclear power plant operator.

Enphase Energy

  • Cramer dubbed it the “renewable golden boy” and said the solar energy technology company is a profitable, solid company.

McKesson

  • Stocks of drug distributors like McKesson tend to do well during an economic slowdown, he said.

Northrop Grumman

  • According to Cramer, the company’s shares could be the best defense company to own if the war between Russia and Ukraine continues.

Here are the worst performers of 2022 that he thinks could make a comeback this year:

Netflix

  • “I think Netflix turned around because they were so confident on that last conference call. You know, for almost two years, their conference calls were a tragedy, even as Squid Game was taking the world by storm,” he said, adding, “And a lot of growth-oriented money managers want to find improving franchises, and that’s a perfect fit for Netflix.”

Stanley Black & Decker

  • Investors interested in the stock should start with a small position here and gradually buy more on the way down, he recommended.

VF Corp

  • Cramer said that while VF Corp stock has had a “horrendous performance” over the past year, he’s banking on new interim CEO Benno Dorer to help the company return value to shareholders in 2023.

meta platforms

  • Cramer said that while the stock is a “disaster,” he believes the Metaverse will either take off or fizzle out this year. The former scenario would be good news for the company, while the latter would mean the company could reallocate its Metaverse budget to other segments like Reels and WhatsApp, he said.

modern micro devices

  • He said that while AMD stock has suffered from slowing demand for PCs this year, he still has faith in CEO Lisa Su and the company’s underlying business.

Disclaimer: Cramer’s Charitable Trust owns shares in Halliburton, Meta Platforms and Advanced Micro Devices.

Jim Cramer predicts how these 2022 worst-performing S&P 500 this year will fare

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