Jim Cramer identified Becton, Dickinson and Co. ( BDX) and Baxter International ( BAX) as two stocks worth considering on his "Mad Money" show Friday night. Both companies traded lower Monday.

On Monday, shares of BD closed lower, down $1.81, or 2.82% to $62.34. Shares of Baxter closed lower, down $0.87, or 1.68% to $51.05.

Cramer said both companies don't make obscenely expensive drugs or devices, and aren't a target for Medicare gouging. Instead, both companies focus on basic hospital supplies -- BD gets 58% of its revenue from basic hospital supplies and Baxter derives 37% of its revenue from basic hospital supplies.

According to Cramer, the basic hospital supplies business is not only Obama resistant, but also recession resistant.

Cramer said both companies are trading at an "Obama discount," at the low end of their historical valuations and that he'd be a buyer of both names.
At the time of publication, Cramer had no positions in the stocks mentioned.

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.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.

If you liked this article you might like

Blue Apron, Philip Morris, Honeywell, Becton Dickinson: 'Mad Money' Lightning Round

Buy These High-Octane Stocks on a Dip: Cramer's 'Mad Money' Recap (Monday 8/7/17)

What Happened to American Society Is Happening to the Stock Market, Too: Market Recon

Baxter International, Becton Dickinson, Boston Scientific: Cramer's Top Takeaways