The proliferation of ETF trading has caused good individual stocks to trade in lockstep with their sectors, even if that sector overall isn’t performing well. So much so that Cramer on Tuesday feared that picking stocks “might be a dead art.”
There may be one glimmer of hope among the banks, though. While there’s little doubt the mass selling of exchange-traded funds has hurt this group as well, one stock in particular is showing signs of strength: US Bancorp . That was the subject of this week’s “Off the Charts” segment. Watch the video for Cramer’s full report.
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