Jim Cramer zeroed in on REITs during Tuesday's Mad Money program and highlighted Simon Property Group (SPG) . Many investors assumed retail was dead when the pandemic struck. But Cramer said Simon is best-run REIT out there, with all of the best locations. Shares of Simon have doubled since their March 2020 lows.
Bottom line strategy: Trade SPG from the long side looking for gains to the $140 area. Risk a close below $90 for now.