In This Article:
We recently published a list of Jim Cramer Looked At These 23 Stocks Recently. In this article, we are going to take a look at where Welltower Inc. (NYSE:WELL) stands against other stocks that Jim Cramer looked at recently.
Jim Cramer, the host of Mad Money, offered an optimistic perspective on the market on Thursday as he challenged the prevailing pessimism among some on Wall Street. He highlighted the diverse range of sectors showing gains.
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Cramer observed that when investors are focused on long-standing winners, like tech stocks, it can be easy to miss when their dominance starts to wane. Cramer expressed his hesitation to part ways with tech given its long-term success but he pointed out something surprising as he reviewed the top-performing sectors.
“But when I scroll through the winning sectors for the year, I am struck by how they represent a wide array of groupings that aren’t tethered to any particular economic worldview.”
Cramer noted that neither the outlook of a recession nor predictions of a major slowdown could explain the growth seen in sectors beyond tech and communication services. He discussed that this year’s leaders are not only unexpected but in some cases, they seem counterintuitive. He described them as “broad,” in the sense that they span a wide range of industries, each responding to different economic conditions. He highlighted that these sectors that are performing well now have been largely overlooked for years, as tech has long dominated the spotlight.
Cramer said that for a long time, market participants had hoped for a rally that would extend beyond the tech sector, and now it seems to be happening. However, he remarked, “except you can’t call it a rally anymore.” He went on to say that a day like Thursday, in his view, was a sign of a healthy market despite the constant narrative of trouble in the economy.
“But the bottom line: It’s tricky to see such a broad mixture of stocks winning here, from ones that can run in a recession to ones that can rally hard in a robust economy. What it tells me is that the market may be far healthier than we think, and this backdrop simply isn’t as bad as many would have you believe.”
Our Methodology
For this article, we compiled a list of 23 stocks that were discussed by Jim Cramer during the episode of Mad Money aired on March 27. We listed the stocks in the order that Cramer mentioned them. We also provided hedge fund sentiment for each stock as of the fourth quarter of 2024, which was taken from Insider Monkey’s database of over 1,000 hedge funds.
