Jim Cramer sees the market rotating from semis to stocks like JNJ
As seen on the 24/7 Wall St. homepage on July 24, 2026.
Cramer signals a tactical shift as investors abandon the semiconductor rally for defensive mega-caps.
Market circling back to NON-semi tech, a la JNJ
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On July 24, Jim Cramer posted to X that the market is "circling back to NON-semi tech, a la JNJ," a brief but pointed observation suggesting investors are pulling attention away from the semiconductor trade that has dominated recent headlines and redirecting it toward a different class of large-cap names.
Johnson & Johnson serves as his shorthand for that shift — a diversified, defensive mega-cap that sits outside the chip cycle. The framing implies the rotation is less about finding the next high-growth story and more about seeking steadier ground after a prolonged run in semiconductors.
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The post drew 44 replies and 73 likes, signaling enough reader interest to treat it as a noteworthy sentiment marker rather than idle commentary. Investors watching sector flows will want to track whether volume and price action in names like JNJ continue to support what Cramer is flagging.
Mentioned: JNJ