It is Fashion Week in New York City right now, and Jim Cramer thinks this is a good time to celebrate the hottest trends currently on the Wall Street “red carpet.”
The hottest style right now is the cybersecurity stocks. And Cramer thinks this makes sense, ever since the CEO of Target lost his job because of a data breach. Stocks like Cyberark Software and FireEye had immense revenue growth recently.
He was even surprised to see that Cisco is getting into the cyber space as well. As the internet of things is growing at a rapid pace in the U.S., Cisco has taken the time to embed cybersecurity into its digitization process.
Another fashion trend right now, is medical devices. Edwards Lifesciences, Boston Scientific andMedtronic all shot the lights out with their last quarter. Cramer also anticipates Becton Dickinsonwill be a great stock to own in the next year due to its purchase of CareFusion.
Additionally, domestic retail is on fire right now. He has his eyes on TJX, Ross Stores, Nordstrom, Home Depot, Bed Bath & Beyond, Big Lots and Costco.