Jim Cramer says these 10 ‘old guard’ stocks are making a comeback

2 years ago 84

CNBC's Jim Cramer connected Tuesday offered investors a database of 10 companies that helium believes are rising to the apical arsenic tech stocks collapse.

"It's the revenge of the aged defender close now, close here. All sorts of boring, accepted companies are taking backmost the marketplace portion the digitizers and disruptors are being burned," helium said.

Here is his list:

  1. Johnson & Johnson
  2. Eli Lilly
  3. Boeing
  4. Honeywell
  5. Raytheon
  6. Caterpillar
  7. Deere & Co
  8. PepsiCo
  9. Starbucks
  10. Nucor 

Cramer besides warned that galore investors garbage to clasp the "new reality" of the market's distaste for tech stocks. He attributed the collapse of tech stocks mostly to the plethora of contention successful the industry.

"Microsoft's Azure goes up against Amazon Web Services, which goes up against Google Cloud. Netflix present competes with fractional a twelve streaming services," helium said.

He added that the companies helium mentioned are the other of tech firms struggling to differentiate themselves from manufacture peers: "Companies that don't person overmuch competition, oregon astatine slightest the competition's truthful muted that it can't disrupt the presumption quo."

Disclaimer: Cramer's Charitable Trust owns shares of Amazon, Alphabet, Johnson & Johnson, Eli Lilly, Honeywell, Microsoft and Starbucks.

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