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Jim Cramer's Approach to Stocks at This Stage in Investing Cycle

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Jim Cramer says that there's not enough money going around to boost FANG and the reopening stocks. 

"The market can only invest in one FANG at a time, Cramer explained, and right now, investors are clamoring for reopening stocks. No one cares about big tech when the economy is roaring. That's why Cramer continued to recommend buying high-quality industrial stocks on any weakness. He liked Union Pacific on the heels of the Kansas City Southern acquisition earlier this week," wrote TheStreet's Scott Rutt in his Mad Money recap.

"The reopening trade will continue to be bad news for companies like Adobe Systems, which reported better-than-expected earnings today, although no one seemed to care. Shares of Adobe are down 5% over the past month," Rutt continued.

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