Jim Cramer Highlighted 5 Stocks Like Applied Materials, Citigroup, and the Rotation into Defensive Sectors

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5. Fortive Corporation (NYSE:FTV)

Fortive Corporation (NYSE:FTV) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer said that the stock’s rally caught him by surprise, as he remarked:

Fifth is one you may not know, Fortive. It’s an industrial technology company known for precision instruments that was spun off by the now ne’er-do-well Danaher a decade ago. And since then, it’s nothing special, frankly. Caught me by surprise.

Fortive Corporation (NYSE:FTV) designs, develops, and markets software, hardware, and services for industrial maintenance, facility lifecycle management, and worker safety under several specialized brand names. In addition, the company provides critical healthcare workflow solutions, including instrument sterilization, radiation safety monitoring, and clinical productivity tools.