Cramer Suggested Some Safe Plays
Cramer suggested some recession stocks on this past Friday’s show. He doesn’t like gold because it looks like it might be in a bear market now.
What does he see? Well its interesting. Cramer is good for 1 thing aside from some random good picks, hes great for watching sector rotation. Hes got the tools and staff to see where and when the rotation is happening.
He suggested recession type plays such as K-Kelloggs, CAT-Caterpillar, MO-Altria, GSK-Glaxosmithkline, and more. Its interesting to me because I’m seeing major buy signals right now. The point is I expect the market to move lower after this relief rally and potentially make a significant low around Sept-Oct period as usual. A back the truck up once in a lifetime type buying opportunity low. He is suggesting recession type stocks now ahead of the curve. It might be the best move you can make if you are a buy and hold player.
I’ve added C-Citigroup to my retirement account. I would like to add GSK as well and maybe even BAC. Put those puppies on DRIP and let em go.
