Jim Cramer says to consider buying these 8 stocks now that commodity prices are down

1 min


180
119 shares, 180 points

CNBC’s Jim Cramer on Thursday advised investors to take advantage of falling commodity prices by adding to their portfolios.

“Oil’s down big, gasoline’s down big and you can now buy all sorts of stocks that benefit from cheaper fuel, especially the travel and leisure plays,” he said.

The “Mad Money” host earlier this week criticized Federal Reserve leaders for their aggressive inflation statements that he warned could drag down the market. He also called out Congress for its two spending bills, warning that they could cause wage inflation to stay elevated.

Cramer reiterated those sentiments on Thursday: Fed officials and Congress are “the ones behind the bear market of 2022, not the companies and certainly not you,” he said.

He added that while it’s usually apt to sell industrial stocks during an economic slowdown, declining prices of commodities such as oil, grains and metals means investors can consider purchasing shares of companies that have reported great quarters recently. However, investors should remain disciplined in their buying, he warned.

Here is Cramer’s list of stocks:

  1. Toll Brothers
  2. Lennar
  3. Disney
  4. Waste Management
  5. Honeywell
  6. Ford
  7. DoorDash
  8. Expedia

Disclosure: Cramer’s Charitable Trust owns shares of Disney and Honeywell.

Source: CNBC


Like it? Share with your friends!

180
119 shares, 180 points

What's Your Reaction?

Cute Cute
10
Cute
Fun Fun
2
Fun
Hate Hate
24
Hate
Confused Confused
13
Confused
Fail Fail
5
Fail
Geeky Geeky
26
Geeky
Love Love
18
Love
OMG OMG
13
OMG
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format