Everything's looking up in the market except for one thing:
-- said Jim Cramer on his
"RealMoney" radio show Thursday.
He stressed that it's time to get out of staples such as Pepsi,
Procter & Gamble
, and focus on consumer-spending plays such as
Cramer also recommends
, which he says is undervalued, and
, which he owns for his charitable trust,
Action Alerts PLUS.
"You gotta make that switch," Cramer said.
He also recommends financials and drugs. "Biotech seems to be peaking," Cramer said, though he believes that
is going higher, despite its losing momentum.
Cramer added that
are also losing momentum but that things are looking even brighter for
Johnson & Johnson
,- which he owns for his charitable trust,
Action Alerts PLUS, since its purchase of Pfizer's consumer business segment.
To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
At the time of publication, Cramer was long Sears Holdings and Johnson & Johnson.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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