Cramer: Market Rotation Is Happening Ahead of Friday Jobs Report

Investors are going to rotate back into safety stocks if the April jobs number disappoints on Friday, said TheStreet's Jim Cramer. He said the 'rolling bull market' will pull money back into consumer staples and soft goods companies such as Johnson & Johnson (JNJ) - Get Report , Kimberly-Clark (KMB) - Get Report and one of his favorites, Clorox (CLX) - Get Report , if macro data fails to meet Wall Street's expectations. Cramer believes investors might rotate out of names like Freeport-McMoRan (FCX) - Get Report .

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.