In this article, we will look at “Jim Cramer Highlighted 5 Stocks Like Applied Materials, Citigroup, and the Rotation into Defensive Sectors.” Please visit “Jim Cramer Highlighted 25 Stocks Like Apple, UnitedHealth, and the Rotation into Defensive Sectors“ if you’d like to see the extended list and methodology behind it.
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.
4. Federal Realty Investment Trust (NYSE:FRT)
Federal Realty Investment Trust (NYSE:FRT) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer called it a “terrific shopping center REIT,” as he commented:
Next is Federal Realty. You know, I’ve introduced this company to you probably, maybe 18 years ago. That’s the terrific shopping center REIT. Don Wood, the longtime CEO, has steered the company toward mixed-use and shopping centers that can be a magnet for tenants. It’s got that good 3.66% yield, which I’ll tell you is safe. It used to be higher. What happened? Well, because the stock went up 23%.
Federal Realty Investment Trust (NYSE:FRT) owns, operates, and redevelops retail-based properties and mixed-use destinations, managing a portfolio of open-air shopping centers and residential units.
3. Healthpeak Properties, Inc. (NYSE:DOC)
Healthpeak Properties, Inc. (NYSE:DOC) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer showed a positive sentiment toward the yield, as he said:
One to write down, one to go back to. Third, here we go into the new world, Healthpeak Properties, which is a gigantic real estate investment trust that specializes in healthcare facilities like outpatient medical buildings and continuing care retirement opportunities. Stock yields just under 6%. I guess that’s the good calling card.
Healthpeak Properties, Inc. (NYSE:DOC) is a self-administered, umbrella partnership REIT that owns, operates, and develops a real estate portfolio focused on outpatient medical buildings, labs, and continuing care retirement communities.
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.
1. Applied Materials, Inc. (NASDAQ:AMAT)`
Applied Materials, Inc. (NASDAQ:AMAT) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer started the list with the stock, as he stated:
I want to study what people still want in this miserable environment, so when things get better, we know what they’re going to go for. So what managed to hit the new high list at one point today or another in spite of the very tough backdrop? Yes, I’m being constructive even with Oracle down 6.6% after the close of the market.
First is one that’s typical of this market, at least until this week. It’s Applied Materials. We had them on recently. We know there’s a huge semiconductor shortage, especially for chips that handle storage and memory. That means we need more semiconductor manufacturing equipment from Applied Materials. We had CEO Gary Dickerson on recently. He’s well aware of his company’s importance in the food chain. That tells me, you know what, things clear up, I’ll go for AMAT.
Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, software, and services that help manufacturers produce semiconductors and other electronic devices.
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