CNBC's Jim Cramer connected Tuesday gave investors a database of stocks that helium believes volition execute good adjacent year.
Here is his list.
Stocks roseate connected Tuesday, and the Dow Jones Industrial Average ended a four-day streak of losses. The large indexes are inactive acceptable to extremity the week and period down, however, with the Dow down 5.03% period to day and the S&P 500 and Nasdaq Composite down 6.34% and 8.03%, respectively.
Investor fears that the Federal Reserve's involvement complaint hikes volition extremity the system into a recession helped substance the market's caller downturn. The cardinal slope earlier this month raised involvement rates by 50 ground points and projected raising rates to arsenic precocious arsenic 5.1%.
But Cramer said galore of Wall Street's concerns are overblown. "I spot truthful galore segments of the marketplace that could beryllium imaginable winners successful 2023, it's hard to instrumentality these supposedly blase doomsayers seriously," helium said.
Stock picks and investing trends from CNBC Pro:
Despite his enthusiasm for wellness care, off-price retail and machinery stocks, there's 1 manufacture that Cramer plans to enactment distant from.
"I'm not hopping connected the tech bandwagon. I've said implicit and implicit again that whether the Fed undershoots oregon overshoots, tech's apt to beryllium wounded the worst," helium said.
Disclaimer: Cramer's Charitable Trust owns shares of Eli Lilly, Humana, Johnson & Johnson, TJX Companies and Morgan Stanley.
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