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

2. Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer praised the company’s CEO, as he commented:

Next feels like a bit of an anomaly, frankly. I’m talking about Citigroup. Now, I am a believer in the great man or great woman theory of management, and CEO Jane Fraser certainly belongs in the pantheon. She’s cut costs, rationalized the bank, and made Citi a perennial pick of the litter. The stock made a new intraday high, even if it closed in the red. Very bullish.

Citigroup Inc. (NYSE:C) provides financial products and services across banking, markets, and wealth management. Cramer mentioned the stock during the April 10 episode and remarked:

Tuesday’s the first chock-full day of earnings season. It’s got three major banks: JPMorgan, Wells Fargo, and Citigroup. Now, they each have their own characteristics… Citi is now love, love, love by everybody on Wall Street, and it’s the stock that I think is probably the most likely to jump higher next week. It’s like a, yeah, it’s, it’s like a trained rabbit… I don’t know how that happens. It keeps happening. The estimates are always too low. People like the stock of Citi.