Money managers in the wake of June’s jobs report have been getting behind stocks that tend to benefit from a strong labor market, CNBC’s Jim Cramer said Monday.
The “Mad Money” host added Home Depot and Amazon to the list. While some portfolio managers like to buy the VanEck Vectors Retail ETF, Cramer advised viewers against doing so. An ETF, or exchange-traded fund, is a bucket of stocks that track a particular sector.
“I think that’s a mistake, though, because 20% of this thing is Amazon. Home Depot and Walmart are both 10%, Costco’s 5%,” Cramer said. “You’re getting a lot of exposure to good retailers, but then you also got the lower-quality names in there, too.”
Cramer said investors should find individual equities to get behind in the space. He also explained why he stays away from sector ETFs in general.
“I’d rather own the…