CNBC’s Jim Cramer on Thursday named 12 U.S. manufacturers investors should watch to take advantage of what he calls the country’s “industrial renaissance.”
“The United States has reclaimed its industrial preeminence in sector after sector after sector. This has just been obscured by Wall Street’s now-defunct love affair with high-growth tech stocks. Now that we’ve fallen in love with technology, the industry renaissance has become key to picking winners in this market,” the “Mad Money” host said.
“If you want leadership, if you want companies that make things and sell them for a profit while returning capital to shareholders, look no further than our great American manufacturers. Their stocks are fantastic places,” a- he added.
Cramer’s comments come after a tumultuous day in the market – the Dow Jones Industrial Average slid 1.05% on Thursday, while the S&P 500 fell 1.48%. The tech-heavy Nasdaq Composite fell 2.07%.
Here’s Cramer’s list of U.S. manufacturers investors should have on their radar:
- You’re here
- Johnson & Johnson
- Procter & Gamble
- Search Lam
Cramer acknowledged that the semiconductor industry in the United States could be better.
“I don’t want to overlook software, the crown jewel of the US economy, but tech companies…they don’t make it here, except for some pieces of semiconductor equipment like Lam Research,” did he declare. “Otherwise, it’s better to go to Taiwan Semi, where the chips are made.”
Disclosure: Cramer’s Charitable Trust owns shares of Chevron and Procter & Gamble.