Jim Cramer says cyclical stocks are worth buying after Monday's dip

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Jim Cramer recommended Nucor, Boeing, Union Pacific and other industrial stocks after shares fell on a countertrend trade.

Investors in recent weeks have rotated money out of high-growth holdings and into economic reopening trades, Cramer said.

"I don't want to totally dismiss the possibility that the rotation has run its course. Today's move into tech was very powerful," he said. But ultimately, Cramer chalked Monday's tech boost up to a "countertrend rally." "In this new environment, the banks and industrials can do no wrong, while the techs can do no right, even if they get the occasional-reprieve countertrend as they had today," he said. "Take advantage of this temporary weakness in the industrials, scale out of some tech into strength if you need the money to buy the industrials. ... I don't think you'll regret it."

 

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He just said to buy tech stocks

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