, 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
Cramer cautioned investors to stay away from mortgage stocks like insurer
, 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
"Employment has been a false indicator for this economy," Cramer said.
, because Carnival has moved its ships to Europe to cash in on the stronger economy there, and likes
to buy into the coming spinoff of its holdings in
At the time of publication, Cramer was long Altria.
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