Cramer's Recession Draft Picks 2 (XOM, SLB, HPQ, DE, UTX, FWLT)

On tonight’s MAD MONEY, Jim Cramer went over Defensive Stocks that will be immune to FED rate cut dependence.  Cramer already gave his fantasy football draft list for the defensive linemen, but here are his draft picks for Quarterback as the first to rally off the bottom:

• Exxon Mobil (NYSE:XOM),
• Schlumberger (NYSE:SLB),
• Hewlett-Packard (NYSE:HPQ),
• Deere (NYSE:DE),
• United Technologies (NYSE:UTX),
• Foster Wheeler (NASDAQ:FWLT).

I gave a huge list of 17 defensive stocks on Friday that we edited from prior defensive stock lists, so that is why some of these names will sound familiar.

Jon C. Ogg
September 10, 2007