Cramer says he’s not giving up on stocks despite the new Covid strain in the U.K.


CNBC’s Jim Cramer said Monday that investors should not overreact to the new strain of Covid-19 in the United Kingdom, criticizing that country’s response to the pandemic and pointing to positive news about U.S. companies as a reason for optimism.

“I am not willing to give up on this market because of a 70% number in the U.K., when the U.K. has been particularly, let’s just say, absent in the way it’s handled this,” Cramer said on “Squawk on the Street.” “We can all take every single cue we want from the U.K., or we can take our cue from some of the companies that are going to be doing quite well here.”

The U.S. stock market opened lower on Monday after the U.K. said it identified a new…


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