Cramer: The market is starting to look like the 1980s, and that's good for consumer goods stocks like Coca-Cola

The major averages all rallied as much as 0.68% during the session Tuesday and, aside from the run in the semiconductor sector, resembled the beginning of the "great bull market" of the 1980s, Cramer said.

"These consumer packaged goods stocks haven't run that much versus the techs. They have incredible pricing power, vast untapped markets overseas and terrific dividends," he said. "If I'm right that this is like the 1980s all over again, it means the likes of Coca-Cola and Kimberly-Clark have a lot more room to run."

Kimberly-Clark, parent company of Kleenex and Cottonelle, on Tuesday reported 5% organic growth, double-digit sales gains in China's emerging market, and improved gross margins in its latest quarter.and boosted its organic revenue growth forecast for 2019 to 5% from 4%. The beverage giant is also seeing secular growth in emerging markets, which again reminded Cramer of the 1980s."Believe it or not, a boring old company like Coke has once again become an innovation machine.

As investors rotate money into these kinds of classic growth stocks, high-flying tech stocks like the so-called FANG stocks and Cramer's "Cloud Kings" group tend to suffer, he said, noting pullbacks as high as 1.7% in

KO made me a lot of money today.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morgan Stanley's bullish call on Apple ahead of earnings defies conventional wisdom, Jim Cramer saysMorgan Stanley made a bold call on Apple. But CNBC's Jim Cramer says it would be a mistake to buy shares ahead of its earnings next week. 100% agree. iPhone sales should be way down. What’s the motive to give price targets dats before earnings? Why not wait for the results then give some analysis? Just leading sheep to slaughter. They aren’t giving out these targets out of the goodness of their hearts to help the mom and pop investor.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves premarket: Coca-Cola, Travelers, Biogen, Hasbro, Apple & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »