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Jim Cramer Highlights Pharmaceutical Giants as Non-Tech Innovation Plays Like JNJ and LLY
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Yahoo Finance
During the August 6 episode of CNBC's Mad Money, Jim Cramer pointed to a growing sector rotation as portfolio managers look for innovation outside the mega-cap technology space.
He said:Finally, tech had such a run that portfolio managers want exposure to other sectors of the market that still have innovation.
Think of them as non- tech tech stocks.
And we talked about these… I talked about them at length with Jeff Marks today at our 10:20 call.
Cramer's thesis highlights how mega-cap healthcare operators provide defensive shelter with strong dividend profiles and maintain high-growth product pipelines.