CNBC’s Jim Cramer on Wednesday advised investors to find stocks that can perform well in any market environment.
“This is an extremely confusing moment, but I want you to look for stocks that can work over the long term, whether we’re in the best of times, the worst of times, or both,” the Mad Money host said called.
Cramer named several stocks for investors to consider. Procter & Gamble has a good “long-term perspective,” while Disney stocks could be good for investors who are bullish on travel, he said.
He added that investors looking to profit from banks benefiting from the Federal Reserve’s rate hike should look to Bank of America, while those fearing the war between Russia and Ukraine will escalate should look to arms manufacturer Raytheon Technologies should consider.
To illustrate the market’s current “best of times, worst of times” environment, Cramer referred to comments made by JPMorgan CEO Jamie Dimon in the first-quarter earnings announcement. Dimon said he sees “significant geopolitical and economic challenges due to high inflation, supply chain issues and the war in Ukraine.”
Meanwhile, Delta Air Lines CEO Ed Bastian told CNBC’s Squawk Box on Wednesday that the company had the “highest revenue in terms of a month’s bookings” in the company’s history in March, Cramer said.
As confusing as the companies’ conflicting messages may be to investors, Cramer said the disparities in how the companies are performing are due to the types of businesses they run.
“Bastian has to do with the consumer. Dimon deals with the consumer, but also with the company.
Disclosure: Cramer’s Charitable Trust owns shares of Disney and Procter & Gamble.