NEW YORK (TheStreet) -- As the stock market wraps up a record-breaking year, TheStreet's Jim Cramer has selected 12 sectors where he thinks investors should put their money.
Among them is auto, specifically the auto parts sub-sector. In each of Cramer's 12 sectors, "you can almost throw darts and win with a couple of rare exceptions," he wrote in Here Are 12 Sectors to Bet On on the Real Money Web site.
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"Here's an oddity: The auto companies are just beginning to perk up on the decline in oil; that breeds bigger truck purchases where the gross margins are bountiful. But the stars of the group? Auto parts," Cramer wrote.
Four of the five auto parts companies that Cramer likes are components of the Morgan Stanley Retail Index. The Index is up 5.4% this year compared to the S&P 500 Index, which is up 12%.
We've listed Cramer's picks alongside the TheStreet Ratings, TheStreet's proprietary stock rating tool which projects a stock's total return potential over a 12-month period including both price appreciation and dividends. Based on 30 major data points, TheStreet Ratings uses a quantitative approach to rating stocks. The model is both objective, using elements such as volatility of past operating revenues, financial strength, and company cash flows, and subjective, including expected equities market returns, future interest rates, implied industry outlook and forecasted company earnings.
Cramer's analysis and that of TheStreet Ratings may differ as Cramer may evaluate stocks without regard to time horizon, while TheStreet Ratings uses consensus estimates for the next 12 months only. In addition, changes in TheStreet Ratings may lag Jim Cramer's analysis, as consensus estimates may take some time to change meaningfully.
Read on to see Cramer's picks in the auto parts industry.
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