Jim Cramer Names 5 Recession Proof Industries as Market Leaders

Cramer names 5 recession-proof industries emerging as market leaders

CNBC’s Jim Cramer told investors on Thursday that a new group of industry leaders is emerging amid the demise of technology stocks.

“The market is finally in a Fed-mandated slowdown mode, where the recession-proof stocks of profitable companies, who are generally quite generous with their shareholders, operate,” he said.

Here is Cramer’s list of industries that meet these requirements:

Fossil FuelsHealthcareTravelDefenceFood and Drink

The “Mad Money” host’s comments come after a tough winning season for Big Tech. Amazon reported weaker-than-expected third-quarter earnings and earnings and released a disappointing fourth-quarter sales forecast on Thursday.

Alphabet missed its third-quarter revenue and earnings estimates on Tuesday, as Microsoft issued weak guidance that sent stock tumbling. Meta Platforms missed third quarter earnings after closing on Wednesday.

However, one technology stock is still worth owning, Cramer said.

Apple beat fourth-quarter earnings and revenue expectations after the bell on Thursday, though it fell short in iPhone services and sales.

Cramer praised its technology, adding that the company is much more aligned with what customers want than the rest of Big Tech, making its stock investable. “I always say own Apple, don’t trade in it,” he said.

Disclaimer: Cramer’s Charitable Trust owns shares of Alphabet, Amazon, Microsoft, Meta and Apple.

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