CNBC's Jim Cramer said investors seeking to diversify away from the struggling AI trade should consider consumer staples stocks. In October the Nasdaq-100 fell almost 7% as money rotated into defensive sectors, while the consumer staples index rose 11.4%. Cramer highlighted four stocks: Kimberly-Clark (up nearly 11% in October, under 15 times earnings, 4.7% dividend yield, with a pending merger with Kenvue); Procter & Gamble (up 11%, seen as attractive after better-than-expected quarterly results, though he prefers Kimberly-Clark's lower valuation and higher yield); Constellation Brands (up 20%, about 11 times earnings, yield above 3%, showing signs of a turnaround); and Coca-Cola (up 9%, after a strong quarter driven by volume).
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Nasdaqconsumer goodsartificial intelligencevaluationdividendsmergers and acquisitions
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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