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CNBC host Jim Cramer advises investors to focus on consumer staples stocks to diversify beyond tech stocks.
CNBC host Jim Cramer advised investors to focus on consumer staples stocks to diversify beyond tech. He stated that with the Nasdaq 100 index falling nearly 7% in October, investors should consider shifting funds to more defensive market sectors, noting that the consumer staples index rose 11.4% that month, making it the second-best performing sector.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
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ETH inter-exchange spread reaches 1.11%
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The Nikkei 225 index is down 2.72% from its previous close, currently at 62,903.43.
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Samsung Electronics fell 4.31% from its previous close, now trading at ₩222,000.
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South Korea's KOSPI index is down 4.77% from its previous close, currently at 5,654.61.
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SK Hynix is down 5.9% from its previous close, now trading at ₩1,436,000.
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Taiwan's TAIEX fell 2.68% from its previous close, currently at 45,125.33.
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Binance hacker finishes dumping UNI, ENA, PEPE, LINK, AAVE, ONDO, WLD for 70,480 ETH ($158.25M)
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Samsung Electronics is down 5.82% from its previous close, now trading at ₩218,500.
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SK Hynix is down 8.06% from its previous close, now trading at ₩1,403,000.
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CNBC analysis suggests that Intel's stock may continue to fall after its significant decline, but selling now would not recover losses.
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