Jim Cramer says to own secular stocks, approach cyclical names with skepticism

The market is still eager for what is known as secular growth,’ which doesn’t rely on economic cycles and likely wouldn’t be hurt by the Federal Reserve raising interest rates, the ‘Mad Money’ host said. Devon Energy, Deere, Tesla and Apple are examples of secular growth stocks that could be great additions to investors’ portfolios, Cramer said. He added that RH, formerly Restoration Hardware, is an example of a stock that is still sensitive to the business cycle. Cramer: ‘You can make fortunes in these things on the way up, provided you know when to jump off. But if you don’t jump off at the right time, the losses can be calamitous’ Cramer’s Charitable Trust owns shares of Devon Energy . . .