TheStreet.com TV Recap: Tech Relief

If you're looking for an alternative to the tough tech sector, check out consumer products, Jim Cramer said on TheStreet.com TV's Wall Street Confidential video Monday.

Cramer noted that Prudential has upgraded the sector, and he cited Kimberly-Clark (KMB Quote) as his favorite stock to own in this group.

The primary reason is because, in its last quarter, the company figured mid-$70s oil in making plans for 2007, he explained. With oil prices plummeting, Kimberly-Clark's estimates are too low, Cramer said, making him believe that Kimberly-Clark is a good buy here.

"Consumer products are a lot easier to buy in this environment than tech," Cramer said. Everyone who manages a lot of big money knows it's the right time to "bolt from tech," which is why every time stocks in the sector see any strength, people leave, he said.

When Task mentioned that the cyclicals were getting hurt by Eaton (ETN Quote) earlier today, Cramer pointed out Johnson Controls (JCI Quote) as a "sainted cyclical."

"If you want a cyclical and you don't want it to have anything to do with trucks," look at Johnson Controls, he said. Cramer said he likes this stock in part because he doesn't consider it a real cyclical because of its big air conditioning component.

Further, although he believes the Federal Reserve is looking to cut rates, he doesn't think it will cut them until year-over-year commodity prices come down.