With retail companies reporting consumer weakness, Cramer says stick with tech

on Wednesday discussed Wall Street's attitude toward consumer-focused companies, saying that consumer weakness has sent the stock of many companies shooting down.

"When the consumer's tapped out, or at least more frugal than she used to be, money managers don't wait around: They flee like rats from a sinking ship and park their money in a more reliable industry," Cramer said. "Right now, that's enterprise hardware and software, which are suddenly on fire again."

Canada Canada Latest News, Canada Canada Headlines

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

Cramer says these stocks do well in an economic slowdownCNBC’s Jim Cramer looked into stocks he thinks could do well during an economic slowdown.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Cramer says tech has a ‘well-deserved premium' because of stocks like NvidiaCNBC’s Jim Cramer on Tuesday reaffirmed his belief in the value of tech stocks.
Source: NBCDFW - 🏆 288. / 63 Read more »

With retail companies reporting consumer weakness, Cramer says stick to techCNBC’s Jim Cramer on Wednesday discussed Wall Street’s attitude towards consumer-focused companies.
Source: NBCLA - 🏆 319. / 59 Read more »