CNBC’s reports Wall Street is shifting away from technology-winning stocks to invest in areas that are more stable, CNBC’s report. Jim CramerWhile describing a strategy to help investors play the rotation, he said it Monday

“The gap between the Nasdaq haves and the S&P 500 have-nots had finally become so untenable this morning that money managers, at least some big ones, decided they had to take profits in tech after a fabulous run-up and swap into something else,” Cramer said, as he sought to explain why the Nasdaq set an intraday record Monday before reversing course and closing lower by 1.26%.

The “Mad Money”Host said that he expected this to happen in the next few days. This suggests investors resisting the temptation to invest in tech stocks as a wager they will roar back.

I’d prefer to find companies that performed well during earnings season but were unfairly trampled upon in the past few weeks, since they weren’t part the Nasdaq stampede. That way you can fall back on the fundamentals — those still matter — and buy more if they end up going lower,” he said.

Cramer has identified the following stocks that he believes meet this criteria.

Cramer claimed that although the bank had done everything right in this time, it was “crushed” by the lackluster rotation of financials. The stock trades now at only 12 times earnings. “If Morgan StanleyI am confident I will tell you that’s stock is falling. [CNBC Investing Club]It’s cheap enough for members to continue buying it.”

Cramer stated that the health insurance company is purchasing back large amounts of stock and trades at a low price, which comes to 14 times earnings. CenteneThe White House is supportive of any expansion in Medicare or Medicaid benefits. This will be a benefit to the entire family, he stated.

Cramer stated that he enjoys the 2.6% yield on pharmaceutical giants’ dividends compared to Treasury yields. He also believes Johnson & JohnsonIt is a smart move by’s to separate its consumer product unit and create a new company.

The “pure-play” drug business will become the largest and fastest growing big pharma company. He said that it should be an immediate market darkling.”

Cramer stated that the delivery company is a critical part of growing ecommerce sales and that management expressed optimism about strong holidays. With the rails vibrating, I believe that there will be a strong holiday season. UPSCramer explained that Christmas is going to be a wildfire, with flames lasting for many days if it not weeks.”

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