In Jim Cramer's latest Sunday column , he suggested the stock market's strong start in 2023 shows that investors are moving beyond a narrow focus on the mega-cap tech stocks — known colloquially as FAANG — that have determined the direction of equities markets for a decade.
A person walks through the Wall Street subway station near the New York Stock Exchange in New York on May 27, 2022., he suggested the stock market's strong start in 2023 shows that investors are moving beyond a narrow focus on the mega-cap tech stocks — known colloquially as FAANG — that have determined the direction of equities markets for a decade.
While he doesn't advise abandoning the tech sector altogether, Jim sees this a moment to rotate into other stocks that are "more representative of a resurgent America buoyed by its natural resources, its post-Covid strength, and its central bank that preserves purchasing power."
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