CNBC’s Jim Cramer gave investors his pick of the best- and worst-performing stocks in the Dow Jones Industrial Average for the first half of the year on Tuesday.
Companies in the Dow “tend to be mature, boring companies that tend to pay good dividends, which is what protects you when the Fed is tightening,” the “Mad Money” host said.
“I know this is a tough market, but I’m betting the second half will be better than the first for the worst performers and be OK for the top performers,” he added.
Here’s his list of the five worst-performing names in the Dow, all of which Cramer believes investors should be watching.
Disney: Cramer said he is optimistic about the stock’s future. Nike: Said he thinks investors should start building a position in the stock now. Salesforce: Investors should snap up Salesforce stock ahead of its Dreamforce conference this fall, where the company is doing “a ton of business,” he said. Home Depot: Cramer said he believes the stock has a compelling long-term story, but investors could get a better price for the stock later. Cisco Systems: The stock looks tempting at its current price, which means the Charitable Trust will hold its shares in the company, according to Cramer.
Here’s his list of the five best-performing names in the Dow, with explanations of the stocks he gave investors his blessing to buy:
ChevronMerck: Cramer said the company is recession-proof, reports consistent earnings and has “juicy” dividends, making its stock worthy of investors’ cash unless rates continue to fall. AmgenTravelersCoca-Cola: The company has a bright future ahead Now that its supply chain costs are coming down, Cramer said.
Disclosure: Cramer’s Charitable Trust owns shares of Chevron, Cisco, Disney and Salesforce.
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