Multiple contraction has struck the Nasdaq, as investors take profits on some of the market’s top-performing momentum stocks. Think F5 Networks and VMware .
But at the same time, those investors are turning to different tech names with lower price-to-earnings multiples, setting in motion an expansion of multiples in this other group. Accenture , in particular, is one such name.
This shift from one group to the other was the focus of this week’s “Off the Charts” segment, and it’s one that investors should heed if they want to make money in the sector as the trend plays out. Own any of these tech names? Then check out Cramer’s full report.
When this story published, Cramer's charitable trust owned Accenture.
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