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In the wake of Friday’s disappointing jobs report, “Mad Money” host Jim Cramer thinks investors need to prepare for the possibility of a recession.
After all, the Labor Department said that non-farm payrolls grew by just 80,000 jobs in June, the third straight month below 100,000. Job creation was too weak to bring down the country's 8.2 percent unemployment rate and the report fueled concerns that Europe's debt crisis was shifting the U.S. economy into low gear, if not closer to a recession .
In turn, Cramer detailed a diversified portfolio of five recession-resistant stocks, which he thinks could “do far better than most if this economy keeps slowing down.”
Read on for Cramer’s 5 Recession-Resistant Stocks
General Mills (GIS)
In a recessionary environment, Cramer thinks demand for commodities could fall, thereby driving down commodity prices. So investors should look for companies that have been hurt by high commodity costs and were able to pass those costs onto the consumer. After all, Cramer said the price of commodities may fall, but the elevated prices on products are likely to stay.
To Cramer, General Mills fits the bill.
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