Cramer Answers: Does Owning the FAANG Stocks Make You Diversified?

In the June Action Alerts PLUS members' call, Cramer addressed an AAP member's question about the portfolio's FAANG positions and whether that makes it diversified. Watch now for his answer!
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In the June Action Alerts PLUS members' call, Jim Cramer addressed a member's question regarding the diversification of the portfolio.  

The member thought the AAP portfolio was "heavily weighted in technology, financial, and some retail."

And he was curious as to how to "strike the right balance between sectors?"

Cramer readily admitted they own the FAANG stocks (Facebook (FB) - Get Report , Amazon (AMZN) - Get Report , Apple (AAPL) - Get Report , Netflix (NFLX) - Get Report , and Alphabet (GOOG) - Get Report ) and that they were not going to sell them.

He talked about the industrials had not been "that fruitful," how they didn't do so well in their healthcare positions and why he is still a passionate defender of Citibank (C) - Get Report and Goldman Sachs (GS) - Get Report .

So watch the video above now for more!

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