TSWT’s Jim Cramer advised investors on Thursday to take advantage of falling commodity prices by replenishing their portfolios.
“Oil has gone down a lot, gasoline is down a lot and you can now buy all kinds of stocks that take advantage of cheaper fuel, especially the travel and leisure,” he said.
The host of “Mad Money” earlier this week criticized Federal Reserve leaders for their aggressive inflation statements, which he warned could drag the market down. He also called on Congress for his two spending bills and warned they could keep wage inflation high.
Cramer echoed those sentiments on Thursday: Fed officials and Congress are “they behind the 2022 bear market, not the companies and certainly not you,” he said.
He added that while it is usually tempting to sell industrial stocks during an economic slowdown, falling prices of commodities such as oil, grains and metals are causing investors to consider buying shares of companies that have recently reported stellar quarters. However, investors should remain disciplined in their purchases, he warned.
Here is Cramer’s list of stocks:
- Toll Brothers
- waste management
Disclosure: Cramer’s Charitable Trust owns shares of Disney and Honeywell.