Jim Cramer: Buy Banks and Industrials Following Improved Employment Numbers

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Jim Cramer: Buy Banks and Industrials Following Improved Employment Numbers

Jim Cramer: Buy Banks and Industrials Following Improved Employment Numbers
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Jim Cramer: Buy Banks and Industrials Following Improved Employment Numbers

by TheStreet 1:01 mins

TheStreet's Jim Cramer warns investors about looking through the employment numbers. Cramer devotes a complete chapter to employment numbers in his most recent book, Get Rich Carefully. He says that when there are good employment numbers, which there have been despite gross domestic product being weak, investors need to shift their portfolios away from investments in utilities and fixed income. Cramer is not recommending momentum stocks but rather suggesting investors consider looking into stocks that do well in this expansion-- which means the banks and industrials.

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