CNBC’s Jim Cramer on Thursday called 12 American makers financiers must watch on to make the most of what he calls the nation’s “industrial renaissance.”
“The United States has been reclaiming its industrial preeminence in sector after sector after sector. It just was obscured by Wall Street’s now-defunct love affair with high-growth tech stocks. Now that we’ve fallen out of love with tech, the industrial renaissance has become the key to picking winners in this market,” the “Mad Money” host stated.
“If you want leadership, if you want companies that make things and sell them at a profit while returning capital to shareholders, look no further than our great American manufacturers. Their stocks are fantastic places to be,” he included.
Cramer’s remarks followed a troubled day in the market– the Dow Jones Industrial Average moved 1.05% on Thursday, while the S&P 500 dropped 1.48%. The tech-heavy Nasdaq Composite toppled 2.07%.
Here is Cramer’s list of American makers financiers must have on their radar:
- Tesla
- Nucor
- Dow
- Chevron
- Exxon
- GE
- Raytheon
- Caterpillar
- Deere
- Johnson & &Johnson
- Procter &Gamble
- LamResearch
(************************************************************************ )gave in that the semiconductor sector in the U.S might be much better.
“I don’t want to slight software, the crown jewel of American economy, but tech companies … they don’t make it here, with the exception of some semiconductor capital equipment plays like Lam Research,” he stated. “Otherwise, it’s best to go to Taiwan Semi, where the actual chips are made.”
Disclosure: Cramer’s Charitable Trust owns shares of Chevron and Procter & & Gamble.
