Jim Cramer states to parse the Dow for recession-resilient stocks

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Jim Cramer on The Fed's hawkish inflation comments on Wednesday

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CNBC’s Jim Cramer on Thursday encouraged financiers on where to search for stocks that can endure a possible financial slump.

“The Dow Jones Industrial Average is filled with relatively cheap stocks because traders assume these 30 old-line companies are the most vulnerable to a recession. But that’s not true: That’s wrong. The Dow components all know how to handle a recession,” he stated.

Dow stocks that Cramer has actually promoted as recession-resilient names in current weeks consist of Johnson & &Johnson(********************** )and Procter & &Gamble

TheFederalReserve suggested that it does not prepare to stop raising rates of interest anytime right after its conference on Wednesday, which has actually rocked the marketplaces and increased Wall Street’s worries of a possible economic crisis.

Stocks fell on Thursday for a 4th successive trading session, with the Dow falling the least of the significant indexes, by portion. The blue chip index slipped 0.46% while the S&P 500 and Nasdaq Composite lost 1.06% and 1.73%, respectively.

Cramer likewise repeated his recommendations to offer unpredictable tech stocks in favor of monetary, oil and healthcare names. Those stocks “can go up without causing inflation because they’re more conservative,” he stated.

Disclaimer: Cramer’s Charitable Trust owns shares of Johnson & &(********************************************************************************************************** )and Procter & & Gamble.

Jim Cramer says to parse the Dow for recession-resilient stocks

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