Jim Cramer says there's a shortage of buyable stocks on the market and that money managers are staying out of these sectors.
"I think there's too much value here to give up on the banks, even as I accept that this group is absolutely despised, and it's been a sucker's bet to wage that the hate will subside any time soon," Cramer said.Industrial stocks, which account for 9% of the broad index, are tough to own at current levels because the industry takes a hit when U.S.-China trade tensions escalate. That explains why the sector rallied after the U.S.
"But given that the Chinese government seems to make new threats every night," Cramer said, "and money managers are starting to hate [these stocks], there are only one or two exceptions."Retail stocks make up 10% of the S&P and amount to what Cramer called a "no-go zone." Higher tariffs on Chinese imports could negatively impact company margins, he said.stock did nothing after the company reported a true blowout quarter — the best in nine years, " he said.
. Many managed care companies benefit from the Affordable Care Act, also known as Obamacare, that was signed into law in 2010. "You've gotta worry about what happens to the whole group if we get a Democratic sweep next year with one of the more left-wing candidates winning the White House," Cramer said. "Still, I think fears are overblown as Democratic leadership in Congress is vociferously against. They hate single-payer, including [House Speaker] Nancy Pelosi."As a collective, communications and information technology companies comprise about 30% of the index.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Jim Cramer reveals his top social media stocksJim Cramer ranks the stocks of Twitter, Snap, Pinterest and Facebook.
Weiterlesen »
Cramer: 'I don't trust this market at all' because it's so dependent on Trump tweets'I don't trust this market at all' because it's so dependent on Trump tweets, MadMoneyOnCNBC's Jim Cramer said earlier this week.
Weiterlesen »
Cramer Remix: Be very careful with Luckin Coffee's IPOJim Cramer examines Luckin Coffee, the latest Chinese company to hit the tape.
Weiterlesen »
Cramer's lightning round: McDonald's is 'one of the greatest stocks of our time'Jim Cramer takes calls and gives his thoughts on McDonald's, Nektar Technologies, L Brands, and more.
Weiterlesen »
Queer People — Tell Us About A Sex Toy You Swear ByWhat Is You're Favorite LGBTQIA Inclusive Sex Toy?
Weiterlesen »
Cramer: Wednesday's 'crazy session' is a perfect example of the market's new normal'Turns out we can get good news, too, and some days like today the stock market actually makes sense,' Jim Cramer says.
Weiterlesen »
Cramer: US companies are getting hurt by tariffs because 'they didn't think Trump had the resolve'Some American companies 'let themselves get hurt' by tariffs because they assumed Trump wouldn't follow through on his China trade threats, CNBC's Jim Cramer says.
Weiterlesen »
Cramer Remix: Investors should take cannabis hype with a grain of saltJim Cramer explains that, while he's a believer in the cannabis business, conviction should be tempered with discipline.
Weiterlesen »