Jim Cramer has one key lesson for investors: Diversification.
"Thursday was a great lesson in diversification, Jim Cramer told his Mad Money viewers. We saw investors rotating out of anything that requires microchips, which are in short supply, and into snack chips, where companies like PepsiCo (PEP) - Get Report continue to see strong demand. This was a classic rotation from tech into the safety of food stocks, Cramer said, and it won't be the last," TheStreet's Scott Rutt wrote in his Mad Money recap.
"The food stocks have something the tech stocks don't -- dividends. This is especially important in a world where capital gains taxes might be going up. If they do, that means dividends only get more attractive," Rutt continued."That's why you need a diversified portfolio, Cramer concluded. If you invest in both microchips and snack chips, you're sure to come out ahead no matter which way the winds on Wall Street are blowing."
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