Jim Cramer Likes Exelon (EXC) for Consistent Earnings – Plain as It Gets!

Jim Cramer, the big of Mad Money, offered an optimistic position connected the marketplace connected Thursday arsenic helium challenged the prevailing pessimism among immoderate connected Wall Street. He highlighted the divers scope of sectors showing gains.

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Cramer observed that erstwhile investors are focused connected long-standing winners, similar tech stocks, it tin beryllium casual to miss erstwhile their dominance starts to wane. Cramer expressed his hesitation to portion ways with tech fixed its semipermanent occurrence but helium pointed retired thing astonishing arsenic helium reviewed the top-performing sectors.

“But erstwhile I scroll done the winning sectors for the year, I americium struck by however they correspond a wide array of groupings that aren’t tethered to immoderate peculiar economical worldview.”

Cramer noted that neither the outlook of a recession nor predictions of a large slowdown could explicate the maturation seen successful sectors beyond tech and connection services. He discussed that this year’s leaders are not lone unexpected but successful immoderate cases, they look counterintuitive. He described them arsenic “broad,” successful the consciousness that they span a wide scope of industries, each responding to antithetic economical conditions. He highlighted that these sectors that are performing good present person been mostly overlooked for years, arsenic tech has agelong dominated the spotlight.

Cramer said that for a agelong time, marketplace participants had hoped for a rally that would widen beyond the tech sector, and present it seems to beryllium happening. However, helium remarked, “except you can’t telephone it a rally anymore.” He went connected to accidental that a time similar Thursday, successful his view, was a motion of a steadfast marketplace contempt the changeless communicative of occupation successful the economy.

“But the bottommost line: It’s tricky to spot specified a wide substance of stocks winning here, from ones that tin tally successful a recession to ones that tin rally hard successful a robust economy. What it tells maine is that the marketplace whitethorn beryllium acold healthier than we think, and this backdrop simply isn’t arsenic atrocious arsenic galore would person you believe.”

For this article, we compiled a database of 23 stocks that were discussed by Jim Cramer during the occurrence of Mad Money aired connected March 27. We listed the stocks successful the bid that Cramer mentioned them. We besides provided hedge money sentiment for each banal arsenic of the 4th fourth of 2024, which was taken from Insider Monkey’s database of implicit 1,000 hedge funds.