Investing
Cramer's Recession Draft Picks (PEP, MHS, MO, NOC, MCD, PG)
Published:
Last Updated:
On tonight’s MAD MONEY, Jim Cramer said he was equating a stock picking portfolio like a fantasy football draft. He has been discussing rising unemployment, houses being lost, and a recession coming for months. As far as the FED cutting rates, he thinks the FED will only cut rates by 0.25% this month instead of the 0.50% rate cut that is needed. The Fed governor speeches today noted that the ‘weak jobs numbers’ are a trend rather than a one-instance. Cramer said that he is creating a draft list of stock picks like a fantasy football team that he thinks can make money regardless of the Fed being late on policy. On Friday, I gave a huge list of 17 defensive stocks that we edited from prior defensive stock lists. Here are some of Cramer’s picks:
A defensive lineman draft is Pepsico (NYSE:PEP), and another is Medco Health (NYSE:MHS) for cost controls in medical and drugs. Altria (NYSE:MO) is also on there with a 4.4% yield. Northrup Grumman (NYSE:NOC) is also on his list and the business has no dependence on the Fed. McDonald’s (NYSE:MCD) is on his list, and Proctor & Gamble (NYSE:PG) made his list tonight. Four of Cramer’s Six Picks were on my list from Friday morning.
Jon C. Ogg
September 10, 2007
Are You Still Paying With a Debit Card?
The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.
Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!
Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!
Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.