With so many stocks in pain right now, could there possibly be any stocks left in the market that could still work in an investor portfolio?
This has been the question on the minds of many investors lately especially after the beating industrials, financials and tech stocks have taken lately. That is why Jim Cramer decided to dig through last week's rubble to find a few groups that could have some life left in them.
"I think the selloff has gone on so long that we just accept there are many 'no-fly zone' sectors that we just stopped paying attention to months and months ago," the "Mad Money" host said. (Tweet This)
That group of untouchable stocks seems to be expanding rapidly. At this point, anything that sells overseas these days is pretty much doomed. The best performance an investor will get with a big international company, aside from the drug business, is basically zero and that is because it sells food.
Takeover stocks have managed to create a bright light, especially in the health care space. There have been so many deals that activists could become involved, which is almost always a positive sign in Cramer's opinion. Names such as Aetna, Humana and Anthem have managed to stand out. Yet Cramer warned the sheer numbers of deals in the cable, medical device or biotech regions have created a false level of confidence.
So where do the bull markets remain?