Looking beyond FAANG: Here's how the Club portfolio lines up with the Dow's workhorse stocks

A person walks through the Wall Street subway station near the New York Stock Exchange (NYSE) in New York on May 27, 2022.

Angela Weiss | AFP | Getty Images

In Jim Cramer’s latest Sunday column, he suggested the stock market’s strong start in 2023 shows that investors are moving beyond a narrow focus on the mega-cap tech stocks — known colloquially as FAANG — that have determined the direction of equities markets for a decade.

While he doesn’t advise abandoning the tech sector altogether, Jim sees this a moment to rotate into other stocks that are “more representative of a resurgent America buoyed by its natural resources, its post-Covid strength, and its central bank that preserves purchasing power.”