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  1. Home
  2. / Jim Cramer

Jim Cramer: Forgotten Companies Stocks' Are Leading the Way Up

Eclectic leadership is not the kind of leadership I can bank on.
By JIM CRAMER
Mar 21, 2019 | 01:53 PM EDT
Stocks quotes in this article: CAG, GIS, MU, LRCX, DRI, AAPL

Weird leadership, eh? We are seeing the stocks of forgotten companies at the head of the herd, stocks like Conagra (CAG) , which reported a much better than expected quarter on top of what we got yesterday with General Mills (GIS) .

We are seeing Micron (MU) as a leader, again, as it blinked, it is producing less to get the inventory of DRAMs cleaner or at least no longer in glut. To do that it has to order and idle, meaning order fewer machines and shut down some assembly lines.

I know it seems counterintuitive but that actually drives up the value of a chip equipment maker like Lam Research (LRCX) because when a company blinks that has historically signaled the bottom.

Then there are the restaurants led by Darden (DRI) . Inexpensive food done right.

And of course, Apple (AAPL) , which turned around everything.

Eclectic leadership is not the kind of leadership I can bank on.

It needs to broaden to be sustainable.

(Apple and Lam Research are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells AAPL or LRCX? Learn more now.)

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Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long LRCX, AAPL

TAGS: Earnings | Investing | Markets | Stocks | Trading | Jim Cramer |

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The purpose is not to shake you out, although it can feel like that; here's what's really going on.

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