Money managers are locked into the reopening trade and retail investors ought to invest accordingly, CNBC’s Jim Cramer said Wednesday.
“You need to use any opportunity to buy high-quality cyclicals into weakness,” the “Mad Money” host said.
Cyclical stocks are those whose trading patterns tend to be levered to the business cycle and the state of the overall economy.
Cramer highlighted railroad company Union Pacific, whose stock initially declined after news broke Sunday that its rival Kansas City Southern was being acquired by Canadian Pacific in a $25 billion deal. The shares have since recovered those losses and then some.
Cramer called the transporter “a one-stop-shop for the great…