By the end of March 2022, 2.9 million Meta Platforms, Inc. shares were owned by AQR Capital Management, valued at $658 million. In the first three months of 2022, the Asness-led hedge fund grew its holdings in the tech company by 48%. Jim Cramer, the head of CNBC, cautions that even high-quality stocks with low price-to-earnings multiples may suffer during a recession. As inflation increases, Cramer has been keeping an eye on a number of equities, including Apple, Netflix, and AT&T.
Insider Monkey highlighted the 10 stocks that Jim Cramer recommends for recession. Jim Cramer, the head of CNBC, cautions that even high-quality stocks with low price-to-earnings multiples may suffer during a recession. As inflation increases, Cramer has been keeping an eye on a number of equities, including Apple, Netflix, and AT&T. One of the equities that may be purchased for a bargain was highlighted as being owned by Huntington Bancshares Incorporated. Replacement components for vehicles are offered by Advance Auto Parts, Inc. The stock, according to Cramer, was one for the “hard market” because it had had its greatest decline since the pandemic panic of March 2020. Advance Auto Parts analyst MKM Partners began coverage with a Buy rating and a $195 price target. For the first quarter of 2022, NRG Energy, Inc. published its financial results. An integrated electricity firm is NRG. The company forecast adjusted earnings of $1.95 billion to $2.25 billion and net income of $480 million to $780 million. The stock of Newell Brands Inc. analyst Andrea Teixeira of JPMorgan maintained an Overweight rating while lowering the price target from $29 to $26. As the markets fell, Cramer said it was time to purchase, even if it meant suffering short-term loss. For more details, click the 10 Stocks That Jim Cramer Recommends For Recession.
