Jim Cramer: Smart Money on Wall Street Turning to Consumer Goods

There is an overall flow of funds out of the stock market after a weak jobs report, but internally money will still move into consumer products players like Clorox (CLX) - Get Report , P&G (PG) - Get Report and Johnson & Johnson (JNJ) - Get Report , said TheStreet's Jim Cramer. He said big portfolio managers seeing slowing growth will naturally turn to packaged goods makers.

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