"I think there's too much value here to give up on the banks, even as I accept that this group is absolutely despised, and it's been a sucker's bet to wage that the hate will subside any time soon," Cramer said.Industrial stocks, which account for 9% of the broad index, are tough to own at current levels because the industry takes a hit when U.S.-China trade tensions escalate. That explains why the sector rallied after the U.S.
"But given that the Chinese government seems to make new threats every night," Cramer said, "and money managers are starting to hate [these stocks], there are only one or two exceptions."Retail stocks make up 10% of the S&P and amount to what Cramer called a "no-go zone." Higher tariffs on Chinese imports could negatively impact company margins, he said.stock did nothing after the company reported a true blowout quarter — the best in nine years, " he said.
. Many managed care companies benefit from the Affordable Care Act, also known as Obamacare, that was signed into law in 2010. "You've gotta worry about what happens to the whole group if we get a Democratic sweep next year with one of the more left-wing candidates winning the White House," Cramer said. "Still, I think fears are overblown as Democratic leadership in Congress is vociferously against. They hate single-payer, including [House Speaker] Nancy Pelosi."As a collective, communications and information technology companies comprise about 30% of the index.
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Source: CNBC - 🏆 12. / 72 Read more »
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