Updated from 6:59 a.m. EDT
Jim Cramer sees an oil-induced recession coming for the U.S. economy that will take apart the earnings stories for many of America's leading companies. Thankfully, this won't be the first recession he has traded in. Cramer's past experience at running a successful hedge fund gives him a great advantage in pointing investors into the right stocks for this challenging market environment.
Recently, Cramer found opportunity in tech stocks that go up when oil trades down, such as
Research In Motion
; stocks to play off the market panic, such as
National Oilwell Varco
; health care and biotech stocks that work during a slowing economy, including
; and financial stocks whose recent moves are being driven by stock-picking contests, including
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned National Oilwell Varco for his Action Alerts PLUS charitable trust.)
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of
LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the
and the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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