Cramer's 'Mad Money' Recap: Fed Gets a Clue

Further, come October, the Fed should give a rate cut, he said. In the meantime, however, people still have to stay away from the three crisis points: the banks, mortgage lenders and homebuilders.

What should work now are the Kelloggs (K Quote - Cramer on K - Stock Picks), Schlumbergers (SLB Quote - Cramer on SLB - Stock Picks) and Kimberly-Clarks (KMB Quote - Cramer on KMB - Stock Picks), Cramer said.

He also likes sectors that are internationally levered, such as oil, infrastructure and agriculture, he said.

Bull Necessities

In tough economic times like these, it's necessary for people to pick up a defensive stock for their portfolios, Cramer told viewers. Unilever (UN Quote - Cramer on UN - Stock Picks) is one such stock people should consider.

As the stock is up, Cramer advised against jumping all over it right away, recommending instead that market players wait for it to settle down before buying.

Unilever, one of the largest global producers of packaged foods, manufactures products that people are not going to stop purchasing even if the economy is bad, he said. Plus, because it's based outside the U.S., it's even less levered to the current domestic credit problems, Cramer pointed out.

The stock has a cushion -- a 3.6% dividend yield -- so in case the stock goes down, the yield will go up.

Moreover, Unilever is also a great turnaround play, he said. It reported a great quarter recently when the market was down, and no one noticed. In addition, more than a third of its sales come from emerging and developing countries. "It's a play on people getting richer around the world," Cramer said.

« Previous Page

1 2 3 4

Next Page »