- CNBC’s Jim Cramer told investors Tuesday that the market has more breadth than big tech stocks.
- He reviewed the top 12 stocks in the S&P 500 since the beginning of the year, including Super Micro Computers, Constellation Energy, and Deckers.
CNBC’s Jim Cramer told investors Tuesday that the market is broad and there are many winners beyond the tech giants. He looked at the top 12 stocks in the S&P 500 index year-to-date and said companies in a variety of sectors have made big gains.
“If you look at all the groups that are winning here, it’s hard not to like this market,” Kramer asked. “And more importantly, if the price goes down, you’ll get a better deal on it, so it’s a really great gift right now.”
- Supermicrocomputers: Kramer said this technology infrastructure company is more than an Nvidia spinoff, calling it a “pick-and-swap story” For cloud and artificial intelligence.
- Nvidia: Nvidia was down by Tuesday’s close, and Cramer said the decline was part of a broader market, adding that it “will not be sold off” at some point.
- Constellation Energy: Cramer said it’s a good time to get into the power business because new data centers need power.
- Deckers: The success of Deckers, which owns brands such as Ugg and Hoka, is a sign that the bull market is extending to “specialty retail,” Cramer said.
- Meta: Cramer said mass layoffs would increase revenue, adding that Facebook’s parent company could make more money if TikTok is banned.
- Micron: Micron is a chipmaker focused on data storage needed for various types of technologies, including AI. Kramer called the stock a “broad-based semiconductor play.”
- General Electric: For Kramer, General Electric is the best way to invest in the aerospace business, especially since Boeing has so many problems. He said he thought the stock could rise further when power spinoff Bellnova officially launches next week.
- Marathon Petroleum: There’s no broader range than an energy company, Cramer said, praising the performance of the nation’s largest refinery system.
- Eli Lilly: Pharmaceutical giant Eli Lilly is particularly valuable because of its GLP-1 drugs used for weight loss and diabetes, Kramer said.
- Walt Disney: Walt Disney is gaining momentum thanks to a proxy battle with activist investor Nelson Peltz, who is vying for a seat on the company’s board of directors, Cramer said.
- Western Digital: Data storage company Western Digital is similar to Micron, but has a weaker portfolio, Cramer said.
- Eaton: Kramer called Eaton an “old line industry that became new lines” by successfully adapting to the transition to renewable energy.
Sign up now Because CNBC Investment Club tracks Jim Cramer’s every move in the markets.
Disclaimer CNBC Investing Club Charitable Trust owns stock in Nvidia, Eli Lilly, Eaton, Meta, and Walt Disney.
