"Here's what I think is most interesting about today," said Jim Cramer on CNBC's "Stop Trading!" segment on Thursday. "All stocks are down equally."
Stocks that do well in a recession are down as much as most of the industrials, he said, with the exception of
In such an environment, Cramer said he'd turn to stocks such as
. For example, Kimberly-Clark, he said, with its high yield and tremendous international exposure as well as exposure to natural gas, "should be going up."
On the flip side, he said, is that "anyone who was on the
conference call knows that this is a country that is saving, because Red Lobster was just hammered." He said he knows it was hit less than some other places, but "Red Lobster is my benchmark."
(Editor's note: At the time of publication, Cramer had no positions in stocks mentioned for his Action Alerts PLUS charitable trust.)