On Tuesday, CNBC’s Jim Cramer presented investors with a series of stocks he believes will perform well this year.
All of his picks are listed on the Dow Jones Industrial Average.
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“These companies tend to do things to make a profit while returning capital to shareholders, all with reasonably priced stock. [Federal Reserve] We have declared war on inflation,” Kramer said.
Here is his list:
- Cramer said he believes the company will have a great year as long as oil prices stay above $60.
- He said he was bullish on the stock because there are several divisions that Honeywell could spin off to focus on more profitable businesses.
Procter & Gamble
- Cramer said the company is by far the best when it comes to recession-proof stocks.
- He said the company is one of his favorite insurance businesses.
Johnson & Johnson
- According to Cramer, the company is one of the fastest growing pharmaceutical companies.
- Since CEO Bob Iger took power, he said he’s been bullish on stocks.
- He said American Express was a “fantastic recovery stock” and sold at a fair price.
- Cramer said the company has proven to work well and it’s only a matter of time before Wall Street catches up.
- A U.S. dollar peak is likely to improve Salesforce’s balance sheet, he said, adding that he also likes the company’s “huge cash flow, good cash at the cash register, and 20%+ growth.” .
- Cramer predicts the company will likely perform better this year than last year, although IPOs, mergers and acquisitions are unlikely to return in 2023 as the economic environment remains turbulent. increase.
Disclaimer: Cramer’s Charitable Trust owns shares of Honeywell, Procter & Gamble, Johnson & Johnson, Disney, Cisco and Salesforce.