"We have to find companies that aren't what they were."
Cramer said that innovation and re-imagination are critical criteria when choosing new stocks for his Action Alerts PLUS portfolio as well as reevaluating the existing names.
"I want companies to reinvent," Cramer said.
So which names fit the bill? Costco (COST) - Get Free Report, Nucor (NUE) - Get Free Report, Advanced Micro Devices (AMD) - Get Free Report and Macy's (M) - Get Free Report were among the stocks catching Cramer's notice on August 19.
"I want companies that are different -- companies that we thought were the same, but are different," Cramer said.
Don't miss Cramer's August Action Alerts PLUS investing club call where Cramer reveals his latest worldview, reviews the entire AAP portfolio with senior analyst Jeff Marks and, most importantly, answers your questions.
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