Jim Cramer's Stop Trading! Buy Altria

Stock quotes in this article: MO , PEP , KO , MBI , BSC , CCL , RCL , NCR , TCD  

Buy Altria (MO Quote), Jim Cramer said Thursday on CNBC's Stop Trading! segment.

Cramer said recession fears and worries about financial stocks point to the need to buy consumer staples like cigarette maker Altria and soft drink companies Coke (KO Quote) and Pepsi (PEP Quote).

Cramer cautioned investors to stay away from mortgage stocks like insurer MBIA (MBI Quote), because housing prices are far more important to the consumer's health than job numbers. Cramer said an unwarranted faith in the apparent strength of U.S. employment was behind the collapse of two hedge funds at Bear Stearns (BSC Quote) this summer.

"Employment has been a false indicator for this economy," Cramer said.

Cramer likes Carnival (CCL Quote) better than Royal Caribbean (RCL Quote), because Carnival has moved its ships to Europe to cash in on the stronger economy there, and likes NCR (NCR Quote) to buy into the coming spinoff of its holdings in Teradata (TDC Quote).

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At the time of publication, Cramer was long Altria.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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