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With so much uncertainty in the market, Cramer on Friday recommended stocks with consistent growth.
Take Jarden , for example. The Rye, N.Y.-based company producers an array of products and operates several well-known brands, including Rawlins baseball gloves, K2 skiing equipment and Coleman outdoors gear. Its outdoor solutions segment accounts for 42 percent of total sales, Cramer said. It was its strongest segment in the most recent quarter, posting 13 percent organic growth. Jarden also makes Crock-Pot-brand cookers, Mr. Coffee java makers, Oster-brand kitchen appliances, First-Alert smoke alarms and Bee- and Bicycle-brand playing cards, among other branded products.
"What’s the point of having a company that makes all of these diverse, totally unrelated products?" Cramer said. "Because Jarden knows how to manage brands. In each of these segments they have brand equity—they’re typically the market leader in every niche where they operate and they maintain that position through constant product innovation to keep their old brands relevant."
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