Cramer's Stocks Picks For During And After The Coronavirus Outbreak

Investors should keep their "eyes on the prize," but avoid large stock purchases at current levels because there is still plenty of room for "more ugly headlines," Jim Cramer said on Thursday.

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Business Tools

Investors should avoid any temptation to "buy sizably" with the market trading near multi-year lows, Cramer said on "Mad Money." The unfortunate reality is the coronavirus pandemic "may just be getting started" and investors should focus on companies that can thrive in the current environment.

Businesses need to continue working and as it turns out many people are realizing that operating from home isn't all that bad. In fact, all the commuting to and from work and the associated carbon emissions has proven to be "unnecessary for millions of people."

Two big winners from this trend include Cisco Systems, Inc. CSCO, which operates Webex, and Zoom Video Communications Inc ZM.

"We have discovered that working from home is actually a pretty good way to do business because video conferencing software has gotten so good," Cramer said.

Remote Services

People who need to see a doctor for regular health checkups and non-coronavirus related illnesses could embrace remote services, such as Teladoc Health TDOC. The company allows for patients to connect with a doctor through a mobile device and the Trump administration authorized this week an expansion of services that can be offered.

"Anything that lets you see a doctor without actually going to the doctor's office is a winner during this pandemic," he said. "It's cheaper, it's more convenient, and it's a heck of a lot safer."

Photo courtesy of Zoom.