Cramer Flags 5 Stocks to Buy as June Jobs Report Triggers Market Rotation
Updated
Updated · CNBC · Jul 6
Cramer Flags 5 Stocks to Buy as June Jobs Report Triggers Market Rotation
3 articles · Updated · CNBC · Jul 6
Summary
Five stocks — PepsiCo, Starbucks, Constellation Brands, TJX and Johnson & Johnson — became buy candidates Monday after broad rotation selling knocked down quality names, Jim Cramer said.
June's jobs report showed hiring slowed from the prior month, and Cramer said that pushed large money managers to reshuffle theme-based baskets, dragging unrelated companies lower.
PepsiCo and Johnson & Johnson face near-term catalysts with earnings due July 9 and July 15, while Cramer said Starbucks' pullback offers an entry point as CEO Brian Niccol works on a turnaround.
TJX could benefit if consumers trade down and traditional retailers unload excess inventory, while higher-risk pick Constellation Brands may be seeing its beer business stabilize despite spirits concerns.
Cramer said Monday's moves showed how indiscriminate sector rotation can create temporary dislocations, especially as AI winners rebounded at healthcare's expense.