‘Forget FAANG' and Focus on Value Stocks in the Current Inflationary Environment, Jim Cramer Says

CNBC's Jim Cramer on Monday advised investors to turn away Big Tech and other growth stocks that are likely to be hard hit as the Federal Reserve raises interest rates.

"For the moment, I do think we have to forget most of FAANG and focus on the money centers. The oils, Retailers with tremendous scale. Health insurers. Big pharma," the"Mad Money" host said. CNBC's Jim Cramer on Monday advised investors to turn away Big Tech and other growth stocks that are likely to be hard hit as the"For the moment, I do think we have to forget most of FAANG and focus on the money centers. The oils. Retailers with tremendous scale. Health insurers.

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