Jim Cramer reveals what to buy in this market now
thestreet.com • • business
Key Points:
- Jim Cramer remains optimistic about the stock market despite geopolitical tensions and high oil prices, citing bond market stability as a key indicator supporting stock purchases.
- Cramer advises buying dips in strong stocks like Cardinal Health, Merck, Eli Lilly, and Johnson & Johnson, while suggesting trimming positions in oil companies (except Chevron) and gold-related assets due to limited upside.
- He highlights the data center sector as a promising area for investment, recommending companies involved in memory, semiconductors, networking, and fiber optics, including Nvidia, Micron, Corning, and ARM Holdings.
- Among the "Magnificent Seven" tech giants, Cramer ranks Nvidia, Alphabet, Amazon, Apple, and Meta as top picks, with Microsoft and Tesla being more uncertain but still potentially valuable.
- Cramer advises against ETFs due to fees, prefers large-cap stocks, and sees rate cuts as a bullish catalyst; he also recommends consumer staples like Costco and Walmart as solid plays amid inflation concerns.
