Find durable stocks to weather this ‘hyper-confusing moment’
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CNBC’s Jim Cramer urged investors on Wednesday to choose stocks that will perform well in any market.
The “It’s a confusing time, but I encourage you to find stocks that will work over the long-term, regardless of what the current situation is.”Mad Money“
Cramer listed several stocks investors should be aware of. Procter & GambleA good long-term view is a positive thing DisneyHe said that stock might be a good investment for travel-focused investors.
He stated that bank profits will help investors looking to capitalize on these banks. Federal ReserveIt is worth considering raising interest rates Bank of AmericaWhile those who are worried about the Russia-Ukraine conflict escalating should be concerned with defense contractors Raytheon Technologies.
Cramer highlighted the “best and worst” market environment to illustrate it. JPMorganChief Executive Officer Jamie DimonCommentary by’s in company’s first-quarter earnings call. Dimon stated that he expects significant geopolitical, economic and political challenges due to the high inflation rate, supply chain problems and war in Ukraine.
Meanwhile, Delta Air LinesCNBC’s Ed Bastian, CEO, said that he was “very proud” to be the company’s chief executive officer.Squawk BoxCramer reported Wednesday that company sales had reached their “highest level in bookings” since March.
Cramer explained that the different messaging of the companies may seem confusing to investors. However, Cramer suggested that differences in companies’ results can be attributed primarily to the types of businesses they own.
“Bastian deals directly with consumers. Dimon not only deals with consumers, but also enterprises. The Fed may be slowing down, but consumers could still spend crazy just to escape the Fed.
Disclosure: Cramer’s Charitable Trust owns shares of Disney and Procter & Gamble.
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