CNBC’s Jim Cramer on Wednesday advised investors to look for stocks that can perform well in any market environment.
“This is a super confusing moment, but I want you to look for stocks that can last for the long haul regardless of whether we’re in the best of times, the worst, or both,” he said.Crazy money” said the presenter.
Cramer named a few stocks that investors should consider. Procter & Gamble have a good “long-term perspective”, while Disney Stocks can be good for travel-optimistic investors, he said.
He added that investors who want to take advantage of banks will benefit from Federal Reserve interest rate increase should be considered Bank of Americawhile those worried that the Russo-Ukrainian war will escalate should keep an eye on the defense contractor Raytheon Technologies.
To illustrate the current “best of worst” environment of the market, Cramer pointed out JP Morgan CEO Jamie Dimoncompany review first quarter earnings call. Dimon said he sees “significant geopolitical and economic challenges ahead due to high inflation, supply chain problems and the war in Ukraine.”
While, Delta Airlines CEO Ed Bastian told CNBC’s “Box of SquawIt was “on Wednesday that the company had “the highest sales in terms of bookings of any month” in corporate history in March, Cramer said.
Cramer says that differences in companies’ performance can be attributed to the type of business they run.
“Bastian deals with consumers. Dimon deals with consumers, but also with businesses. Consumers may be willing to spend like crazy even in the face of a Fed-mandated slowdown, just because They’re so eager to get out again.”
Disclosure: Cramer’s Charity Trust owns shares of Disney and Procter & Gamble.
