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

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

CNBC’s Jim Cramer on Thursday advised investors to look for stocks that are likely to weather a potential recession.

“The Dow Jones Industrial Average filled with relatively cheap stocks as traders consider these 30 established companies to be the most vulnerable to recession. But that’s not true: It’s wrong. Dow components all know how to deal with a recession,” he said.

Dow stocks considered by Cramer to have weathered the downturn in recent weeks include Johnson & Johnson and Procter & Gamble.

The Federal Reserve indicated it had no plans to stop raising interest rates shortly after its meeting on Wednesday, which rocked markets and heightened Wall Street’s fears of a potential recession.

Stocks fell on Thursday for the fourth straight session, with the Dow falling the least of the major indexes, by percentage point. The blue chip index fell 0.46% while the S&P 500 and Nasdaq Composite lost 1.06% and 1.73%, respectively.

Cramer also reiterated his advice to sell volatile tech stocks in favor of financial, oil and healthcare names. Those stocks “can go up in price without causing inflation because they’re more conservative,” he said.

Disclaimer: Cramer’s Charity Trust owns shares of Johnson & Johnson and Procter & Gamble.

Jim Cramer Says Analyze The Dow For Recession Resistant Stocks

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