Jim Cramer – Best Stocks During a Recession

For the latest Jim Cramer, go to JimCramerPicks.com – In a market this ugly, bull markets are tiny. It is like finding fewer needles in a larger haystack. It may seem like everything is falling apart. One good stock is Hormel. Another great market is direct selling. Avon and Tupperware had great quarters. Herbalife is also a great stock. These direct selling companies do the best in terrible recessions. During recessions, people are out of work, so they join these companies for some extra income. It is a global business. All three have the world to compete in with few competitors. The best of these three is TUP. 85% of their business is international, so you don’t have to worry about the Federal Reserve. Second best is HLF. They keep blowing out their quarters and confounding the bears. However, it has moved up too much already. Avon (AVP) also makes 75% of their sales from the rest of the world, including Brazil and China, where the economies are looking good. The Avon US business isn’t that great, which is why they aren’t up as much.

For the latest Warren Buffett, go to WarrenBuffettNews.com – When you know enough to make an investment decision, then you should do it on a big scale. But Wall Street makes things very easy. You can buy and sell huge companies within minutes. But large fortunes are typically made by buying great companies and holding them for long periods of time. You should only work with people you like. It is crazy to take a job and work with people who make your stomach churn. Work with people that you admire. Working with people you don’t like is a bit like marrying for money. Berkshire Hathaway is the most expensive stock on the stock exchange. In 1995, it went above 000. Buffett’s philosophy about his share price is that anyone can become a partner in a public business. In a private business, typically everyone will get along. At Berkshire, he wants to find people who have the same expectations and the same time horizons as Buffett. He is going to follow policies and to communicate in such a way that he attracts the right kind of people. He wants them to be happy when he is happy. The only tool he has to attract the right people to the stock is with his stated policies. Stock splits are one aspect of that. If people are going to buy because they think the stock is going to be split, then they are buying for a different kind of reason then Buffett would buy a stock. All of the stocks will be owned by someone one way or another. That is the nature of the stock market. Wall Street

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