Jim Kramer of CNBC on Thursday proposed a list of five industrial stock investors investors should consider adding to their portfolios.
“Where the market has been chasing growth at any price for years, we are now in a post-momentum, pivot environment where Wall Street wants tough companies with easy fair valuations,” said the Host Mad Money.
Kramer names five industrial stocks that fit this requirement.
Here is the list:
- Ordinary electric
- United hire
- Haumet aerospace
- Johnson control
To come up with this list, Kramer started with nine industry names. He said he dropped PACCAR and Cummins because the freight industry, including trucking rates, was facing a recession. He also dropped out of Stanley Black & Decker and Fortune Brands Home & Security to avoid housing stocks when mortgage rates skyrocketed.
The top nine industry companies came from Kramer’s curated list of S&P 500 companies that were included for reasonable valuation and great earnings growth. The same list used Kramer to pick the best travel and leisure, financial and semiconductor stocks earlier this week.
“I spent a whole week highlighting these stocks, and now you have twenty to pick from. I want you to put them on the shopping list,” he said.
Here’s all the growth at a reasonable price, or GARP, Stock Cramer highlighted this week: