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

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


CNBC’s Jim Cramer on Tuesday offered investors a list of 10 companies that he believes are rising to the top as tech stocks collapse.

“It’s the revenge of the old guard right now, right here. All sorts of boring, conventional companies are taking back the market while the digitizers and disruptors are being burned,” he 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 also warned that many investors refuse to embrace the “new reality” of the market’s distaste for tech stocks. He attributed the collapse of tech stocks largely to the plethora of competition in the industry.

Microsoft‘s Azure goes up against Amazon Web Services, which goes up against Google Cloud. Netflix now competes with half a dozen streaming services,” he said.

He added that the companies he mentioned are the opposite of tech firms struggling to differentiate themselves from industry peers: “Companies that don’t have much competition, or at least the competition’s so muted that it can’t disrupt the status quo.”

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

Jim Cramer’s Guide to Investing

Click here to download Jim Cramer’s Guide to Investing at no cost to help you build long-term wealth and invest smarter.



Source

Space startup Varda raises 7 million in funding to make drugs in orbit
Business

Space startup Varda raises $187 million in funding to make drugs in orbit

Pavlo Gonchar | Lightrocket | Getty Images Space startup Varda announced on Thursday that it has raised $187 million in Series C funding, led by venture capital firms Natural Capital and Shrug Capital, to continue advancing drug manufacturing in space. The latest round included participation from Peter Thiel, Lux Capital, Khosla Ventures and Caffeinated Capital. […]

Read More
How family offices are betting on the sports boom from fantasy apps to pickleball courts
Business

How family offices are betting on the sports boom from fantasy apps to pickleball courts

Key Points A third of investment firms of the ultra-rich have invested in sports, according to a new family office survey by BNY Mellon. While billionaire sports-team buyouts get the headlines, family offices are increasingly investing in adjacent assets like live-viewing venues and betting apps. Here’s how the family offices of ultra-rich sports team owners […]

Read More
Delta’s summer travel outlook tops estimates as CEO says high-end demand is holding up
Business

Delta’s summer travel outlook tops estimates as CEO says high-end demand is holding up

A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024. Joan Valls | Nurphoto | Getty Images Delta Air Lines trimmed its 2025 profit forecast as it deals with lower-than-expected demand this year and the industry manages a glut of flights, but the carrier’s outlook […]

Read More