Mad Money host Jim Cramer tests positive for COVID-19

By:
on Dec 20, 2021
  • Mad Money host Jim Cramer confirmed he has a "mild case" of COVID-19.
  • He sees the recent Omicron-driven market sell-off as a buying opportunity.
  • Moderna's booster shot offers significantly better protection against Omicron.

On the same day when Moderna Inc (NASDAQ: MRNA) said a booster dose of its Coronavirus vaccine increases protection against the Omicron variant by 37-fold, Mad Money host Jim Cramer announced to have a mild case of COVID-19.

Cramer was triple vaccinated

Cramer, who had three shots of Moderna, reiterated this morning on CNBC’s “Squawk on the Street” that people should get vaccinated to avoid serious outcomes from a Coronavirus infection.

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If you’d like to lessen the chance of getting very sick, I think you should get vaccinated. There’s never a cold I’ve had that was as weak as this. Ever. I do have, I believe, Omicron. And because I’ve been fortunate enough to be vaccinated, it has not really impacted me.

Cramer, however, confirmed that his wife was sicker than him. She had the first two shots of J&J vaccine and a booster dose of Moderna.

Cramer’s comments on the ongoing sell-off

According to the Mad Money host, the “profound negativity” in the stock market related to the rising concerns of the Omicron variant made no sense to him.

The idea that everything’s for sale is an opportunity, not a negativity. The gloom is so palpable that you might want to take the other side of that trade. I’m more sanguine than people who are selling. There are people who are panicking. I don’t like to sell panic. I like to buy panic.

In particular, he revealed, he was buying the oil and gas legacy player, Chevron Corp, on recent weakness for his charitable trust. Last month, UBS said Chevron stock could climb to $125.

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