According to a Gallup poll, 46% of Americans believe the current economic situation is “bad.” According to market experts, the economy could enter a recession by 2023 or 2024. The Fed’s rate hikes are widely viewed as “too little, too late” for the US economy. Jim Cramer, a former hedge fund manager and current host of CNBC’s Mad Money, believes that gas prices are rising. The journalist investor has recommended his viewers to buy shares in ‘valuable’ companies that have a track record of weathering storms.
Insider Monkey highlighted the best recession stocks to buy according to Jim Cramer. Constellation Brands, Inc. is a New York-based company that sells beer, wine, and spirits among other alcoholic beverages. Over the last few weeks, Cramer has been optimistic on the stock. The beermaker was chosen by the investor as one of the companies that performed well in both good and bad economic periods. The American Tower Corporation is a real estate investment trust established in Boston that focuses on communications infrastructure. On June 1, Cramer gave the stock a Buy recommendation on his show’s Discussed Stock segment. For the previous ten years, the company has increased its dividend to stockholders. The 3M Company is a technology conglomerate. During the Discussed Stock part of his show, the journalist investor gave the company a Buy recommendation. He previously included the corporation in a group of “great American” companies that are more resilient to market fluctuations. Dollar General Corporation is a bargain retailer based in the United States. During his show’s Discussed Stock segment, Jim Cramer was optimistic on the stock. Consumer spending trends are healthy, according to Cramer, and Dollar General is ready to outperform at the bottom end of the retail sector. The Coca-Cola Company is a Georgia-based beverage company. Cramer describes the company as “durable” and “investable,” with “clinical” earnings. It was also mentioned by the investor as one of the companies that had performed well in previous recessions. For more details, click 10 Best Recession Stocks To Buy According To Jim Cramer.
