J&J, Abbott Labs And JPM Among Jim Cramer's Top Picks As Market Shifts Focus From Tech

As the market begins to shift its focus away from tech, CNBC’s Jim Cramer has identified several potential winners, CNBC reports.

Cramer has highlighted a few sectors that could benefit from this shift. He believes that the market is currently in a “stock picker’s market” phase, where individual stocks are more likely to outperform than the broader market.

See Also: J&J Investors Will Soon Be Able to Exchange Shares for Kenvue Stocks

Among his top picks are the industrials, which he believes are poised for a comeback. Cramer identified stocks in the healthcare sector, particularly those of Johnson & Johnson J J))) and Abbott Labs ABT

He also sees potential in the financial sector, particularly in banks, which could benefit from higher interest rates. Some of them include JP Morgan JPM, Wells Fargo WFC and Bank of America BFC

Additionally, he suggests looking at the utilities sector.

However, Cramer warns investors to be cautious and do their homework before investing in these sectors. He emphasizes the importance of understanding the fundamentals of a company and its industry before making an investment decision.

Read Next: Mark Cuban Says Powerball Player Who Won $1.08B Jackpot Should Do This Next

Image via Shutterstock