CNBC’s Jim Cramer on Tuesday offered investors a collection of stocks he believes will do well this year.
All of his picks are listed on the Dow Jones Industrial Average.
Related Investment News
“These companies make things or make a profit while returning capital to shareholders, all with fairly priced shares — the rubric for actually working once [Federal Reserve] declared war on inflation,” Cramer said.
Here is his list:
- Cramer said he believes the company will have a good year as long as crude prices stay above $60.
- He said he’s bullish on the stock because it has several divisions that could be separated to allow Honeywell to focus more on more profitable businesses.
- According to Cramer, the company is among the best when it comes to recession-proof stocks.
- He said the company is one of his favorite insurance plays.
- According to Cramer, the company has the best and fastest growing pharma business.
- He said he’s increasingly bullish on the stock since CEO Bob Iger returned to the helm.
- He added that American Express is a “tremendous bounce-back stock” that also sells at a reasonable price.
- Cramer said the company has proven It could do well going forward, and it’s only a matter of time before Wall Street follows suit.
- The peaking US dollar will help Salesforce’s balance sheet, he said, adding that he also likes the company’s “huge free cash flow, excellent cash flow and over 20% growth.”
- Cramer predicted that the company will do better this year than it did last year, even though IPOs, mergers and acquisitions are unlikely to make a comeback in 2023 as the economic environment remains turbulent.
Disclaimer: Cramer’s charitable trust owns shares of Honeywell, Procter & Gamble, Johnson & Johnson, Disney, Cisco and Salesforce.