TheStreet.com TV Recap: Where's the Momentum? - TheStreet

TheStreet.com TV Recap: Where's the Momentum?

Cramer talks about where the 'mo-mo' money is heading now.
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As hot areas of the stock market cool off, it's time to consider where that money will head next, said Jim Cramer.

One place to look is to the more traditional stocks -- the

Colgates

(CL) - Get Report

,

Procter & Gambles

(PG) - Get Report

and

Kelloggs

(K) - Get Report

.

"Those are quintessentially safer," Cramer said in Monday's

Wall St. Confidential video.

Those stocks will get a boost as investors flee the "mo-mo" areas of the market, like real estate investment trusts. "I see profit-taking from the REITs," said Cramer, who agreed that the recent

Equity Office Properties

(EOP)

deal marked the top in that sector. "The issue is that there are no value-buyers

that going to come in at these levels."

As for other momentum favorites such as

Google

(GOOG) - Get Report

and

Chicago Mercantile Exchange

(CME) - Get Report

, they're subject to the whims of the fast-money crowd. "You gotta let these things bottom before you come in."

Drilling plays such as

Hanover Compressor

(HC)

and

Norsk Hydro

(NHY)

are in another area to mine profits. Wall Street doesn't like them, but they're growing at 25%-30% a year, and Main Street does like them.

At the time of publication, Cramer had no positions in stocks mentioned.

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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