Cramer's 'Mad Money' Recap: Avon, Clorox Panic-Proof

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Avon Products (AVP Quote) and Clorox (CLX Quote) are two "indestructible" stocks that should work well in a recession, Jim Cramer told viewers of his "Mad Money" TV show Friday.

Usually when investors hear the word indestructible, they think of Coca-Cola (KO Quote), PepsiCo (PEP Quote) or Altria (MO Quote), he said. Now, Cramer said, Avon and Clorox should fall into that category.

In general, market players should purchase these stocks at times when investors, acting out of panic and fear, start unloading everything else, he said.

Cramer said Avon's Andrea Jung has redeemed herself since he put her on his "CEO Wall of Shame" in 2006. He said the company's stock is going up because its international business is growing fast, the company is restructuring itself, and Jung has been doing a great job educating investors on what the company is doing.

"Avon is making good long-term decisions," he said. For example, the company is removing inactive reps in China and focusing money on what works. Cramer said its operating profit has jumped because "they know what spending works so they can spend less to get the same or better results."

Cramer said he had previously given up on the company before it reported an unexpected blowout quarter on Oct. 31. He said the company is growing again, especially overseas, where it has benefited from growth in its bleach and laundry products business. He also said Brazil and China could be huge markets for the company.