‘Universe of potential winners’ has shrunk, investors be picky
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Due to the Federal Reserve’s flexibility, investors need to choose more carefully. plan to expedite tightening of monetary policy, CNBC’s Jim CramerThursday,
While the number of winners is smaller, the reality is that there are many groups who still work. “Mad Money”At the end of tech-heavy episode, host replied NasdaqIt was the worst September day, with a drop of 2.47% and the S&P 500
It Dow Jones Industrial AverageBlue chips only fell 0.08%, as banks such as JPMorgan Goldman Sachs.
Cramer indicated that Wall Street is favoring financials right now. He said that “Pretty much every financial sector can win here,” noting the charitable trust he owns. Morgan Stanley Wells Fargo.
We just purchased more Morgan Stanley trust funds in the downturn, because there is no credit risk. It’s also a huge fee-generating machine. [with]He said that he was very proud of his leadership. No controversy, just moneymaking. At this point, it’s not important to appear clever. Simple’s fine.”
Cramer expressed a positive view of the bank sector, as well as the Consumer Staples cohort (which includes such names like Clorox. He mentioned the drugmaker. Eli LillyHis charitable trust has a share of the stock, so it can continue winning.
The “Mad Money” host, on the other hand warned investors against investing in companies that grow quickly but are not profitable. The host also suggested that homebuilders may not be as popular today and warned about multi-stock retail stocks.
“There will still be whispers of the omicron strain cutting down mall shopping. He stated that those sirens were difficult to ignore prior to the Fed tightening. But now, there’s a half-full market.
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