Today, David Burrows and Jim Cramer - Mad Money commented about whether CRM-N, GOOG-Q, NVDA-Q, ATS-T, STN-T, JPM-N, CVE-T, MFC-T, MSCI-N, TT-N, TVE-T, TSM-N, LLY-N, CSCO-Q, GD-N, RIO-N, NTR-T, INTC-Q, DOO-T, LSPD-N, SU-T, HBM-T, TECK.B-T, TOU-T, CNQ-T, GOOG-Q, NOK-N, META-Q, UNP-N, BIIB-Q, SKT-N, AXP-N, KO-N, BRK.A-N, BOWL-N, TDOC-N, ASML-Q, F-N are stocks to buy or sell.
It fits the theme of buying good companies which are getting better. It is the best capitalized bank in the U.S. and also the most conservatively run. Has a great franchise in the capital markets business. It benefits from rising rates and increasing interest margins. Trades at 11X earnings with a 3% dividend and is a good solution for the re-inflationary market we're in. Buy 17 Hold 11 Sell 0
(Analysts’ price target is $157.12)
He divides tech into two groups. One has high multilples and high growth with less profitability, which can cause difficulties. The other comprises value type stocks which are less impacted by rising rates. An example of this is Cisco at 14X earnings which it has grown consistently. It also has a growing dividend, now at about 3%. Not a big growth stock though. His company has only a 7% exposure to tech.