Jim Cramer offered investors a list of companies he thinks are rising to the top as tech stocks collapse.
The old guard is angry right now. Conventional companies are taking back the market while the other companies are being destroyed.
His list is listed here.
Many investors refuse to embrace the new reality of the market's dislike for tech stocks. He said the collapse of tech stocks was due to a lot of competition.
Both Microsoft and Amazon Web Services compete against one another. Half a dozen streaming services are competing with one another.
He said that companies that don't have much competition are the opposite of tech firms that are trying to differentiate themselves.
Cramer's Charitable Trust owns shares of several companies.
Jim Cramer has a guide to investing that you can download for free.