TheStreet.com TV Recap: Tech Relief
If you're looking for an alternative to the tough tech sector, check out consumer products, Jim Cramer said on TheStreet.com TV's Wall Street Confidential video Monday.
Cramer noted that Prudential has upgraded the sector, and he cited Kimberly-Clark (KMB Quote) as his favorite stock to own in this group.
The primary reason is because, in its last quarter, the company figured mid-$70s oil in making plans for 2007, he explained. With oil prices plummeting, Kimberly-Clark's estimates are too low, Cramer said, making him believe that Kimberly-Clark is a good buy here.
"Consumer products are a lot easier to buy in this environment than tech," Cramer said. Everyone who manages a lot of big money knows it's the right time to "bolt from tech," which is why every time stocks in the sector see any strength, people leave, he said. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
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0.48
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10 Yr
3.23%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.46%
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