Jim Cramer's 'Mad Money' Recap: Some 'Buys' for the New Year
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NEW YORK (TheStreet) -- Not every company participated in yesterday's big run, Jim Cramer told his "Mad Money" TV show viewers Thursday. Cramer identified five sectors that he thinks are still buy, buy, buys going into the new year.
Investors can still pick up any of the high-growth names, such as Netflix
Cramer's first sector to watch is the banks. He said with the government "witch hunts" winding down, the banks once again have the confidence to expand. Bank of America
Next on Cramer's list are the housing stocks, led by Lennar
Retail is Cramer's third sector highlight. He said the group has done nothing for a month as investors worried about the holiday season. Now's the time to circle back to Macy's
Cramer's last two picks are the oil companies and the airlines, two sectors that normally trade opposite one another but now could both go higher thanks to Warren Buffett's endorsement of Exxon Mobil
You can always fall back on big, long-term themes, Cramer told viewers, themes like the revolutions in biotech and oil and gas. These stocks still go down like all the others, but their mega-trends will give you the confidence to buy on that weakness.