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Jim Cramer chooses 4 stocks to watch as market moves away from tech


Wall Street appears to be shifting from winning tech stocks to lagging parts of the market, CNBC’s Jim Cramer said Monday while detailing a strategy for investors to play the rotation.

“The gap between the haves of the Nasdaq and the haves of the S&P 500 had finally become so untenable this morning that fund managers, at least some big ones, decided they had to take profits in tech after a fabulous rise and move on, ”Cramer said, as he sought to explain why the Nasdaq set an intraday high on Monday before reversing price and closing 1.26% lower.

The “Mad Money” host said he expects the move to unfold over a few days, suggesting investors fight the urge to buy tech stocks in a bet they’ll roar it all. right now.

“I prefer to find companies that have performed well during earnings season and have been unfairly trampled over the past few weeks because they weren’t part of the Nasdaq stampede. That way you can fall back on them. fundamentals – the ones that still matter – and buy more if they end up going down, ”he said.

Here are the stocks that Cramer says meet those criteria:

Morgan stanley

The investment bank has “done everything right during this time, but due to the insane turnover of financial stocks the stock has been squashed” and is now trading at just 12 times earnings, Cramer said. “Yes Morgan Stanley stock keep going down I’m sure I’ll say it [CNBC Investing Club] members to keep buying it because it’s so cheap. “

Centene

Johnson & johnson

UPS




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