Jim Cramer’s 2022 outlook for the S&P 500’s 10 biggest losers in 2021

Jim Cramer’s 2022 outlook for the S&P 500’s 10 biggest losers in 2021

CNBC's Jim Cramer on Monday offered his 2022 outlook for the 10 worst-performing stocks in the S&P 500 last year, when the broad equity index advanced nearly 27%. The "Mad Money" host also on Monday's show. "The worst performers in the S&P last year look like they're going to keep underperforming in 2022 unless we get some major sea-changes and I just don't see that happening" in the near or medium term, Cramer said. 1. Penn National Gaming Cramer said he believes , which saw its stock fall 40% last year, will be challenging to own until a trio of major headwinds dissipate. In Cramer's opinion, Penn National shares will be able to perform better once there's more consolidation in the industry, more states legalize sports betting and the Covid pandemic fully recedes. 2. Global Payments While Cramer said had been a "perennial winner," the financial technology company's stock struggled in 2021, falling 37%. "I've always admired Global Payments, as well as the card issuers and the small business empowerment plays and the buy-now pay-later outfits, but there are just too many darned stocks in the group," Cramer said. "They're all too expensive, especially compared to the super-cheap bank stocks