CNBC's Jim Cramer has advised investors to consider diversifying their portfolios by looking beyond the soaring technology stocks that have dominated the market. Instead, he emphasizes the importance of targeting sectors that have already faced significant downturns, providing opportunities for potential recovery.

During a recent segment on "Mad Money," Cramer highlighted four specific stocks that he believes could offer substantial upside, particularly as the market begins to stabilize. He noted that while tech names have captured headlines and investor attention, the volatility in these stocks may make them less attractive for those looking to build long-term wealth.

Cramer pointed out that several industries, including healthcare and fitness, have been undervalued despite showing promise. He believes these sectors are ripe for investment, especially as consumers begin to shift their focus back to health and wellness post-pandemic.

The first stock Cramer recommended is a prominent player in the health and fitness industry, which has experienced challenges due to changing consumer habits during the pandemic. With a renewed focus on personal health, Cramer argues that this company is likely to rebound, making it an attractive buy for long-term investors.

Next on Cramer’s list is a healthcare technology firm that has seen its stock price decline despite maintaining strong fundamentals. He noted that the integration of technology and healthcare is becoming increasingly relevant, and this company is well-positioned to capitalize on that trend.

Cramer also mentioned a pharmaceutical company that has struggled with investor sentiment but possesses a robust pipeline of products nearing approval. He believes that as these drugs come to market, the company's stock could see significant appreciation, making it a compelling investment opportunity.

Finally, Cramer highlighted a fitness equipment manufacturer that faced headwinds during the pandemic but has a loyal customer base and a growing market. He pointed out that as gyms continue to reopen and consumers invest in home fitness, this company is likely to benefit from renewed demand.

Cramer’s advice comes at a time when many investors are reevaluating their strategies amid a fluctuating market. He stressed the importance of not being overly reliant on high-flying tech stocks that can be volatile and unpredictable.

Investors are encouraged to look for value in sectors that have been overlooked, according to Cramer. He believes that by focusing on these beaten-down stocks, investors can achieve a more balanced portfolio that can withstand market fluctuations.

Cramer’s insights are particularly relevant as the market grapples with inflation concerns and interest rate hikes. Many investors are seeking stability, and Cramer’s recommendations aim to provide a pathway for those looking to diversify their investments.

In summary, Jim Cramer has urged investors to pivot their attention from the high-flying tech stocks that have dominated headlines to four specific stocks in the healthcare and fitness sectors. His recommendations highlight the potential for recovery in these undervalued areas, presenting a strategic opportunity for investors looking to navigate the current market landscape.

As always, Cramer advises investors to conduct their own research and consider their risk tolerance before making any investment decisions. His focus on beaten-down sectors may resonate with those looking to find value in an unpredictable financial environment.