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  1. Home
  2. / Jim Cramer

Jim Cramer: Here's the Good News About the U.S./China Trade Delay

There are plenty of stocks that have been thrown away for several weeks because of a belief that the Fed and a trade deal will avoid a recession.
By JIM CRAMER
Nov 06, 2019 | 12:23 PM EST
Stocks quotes in this article: NVS, ABBV, MRK, PEP

Shocker: Trade Delayed

I have been adamant that everything you hear about an imminent trade deal is fanciful. The idea that Presidents Trump and Xi are going to come to an orderly accord is totally out of keeping with both men.

But there is good news. There are plenty of stocks that have been thrown away for several weeks because of a belief that the Fed and a trade deal will avoid a recession.

I predict a swift comeback of the recessionistas is now on tap.

I also think that there is a chance for a revival of the cloud kings because they do well in a slowing economy.

I don't know how fast I can be right here. But focus, once again, on dumping the oils, go light on the heavy cyclicals, revert to the drugs (AAP names Novartis (NVS)  and AbbVie (ABBV)  , and also Merck (MRK) ) and scoop up some PepsiCo (PEP) to play this rotation that will, I think, most certainly become the way of all trading.

(Novartis, AbbVie and PepsiCo are holdings in Jim Cramer's Action Alerts PLUS member club. Want to be alerted before Jim Cramer buys or sells these stocks? Learn more now.)

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long NVS, ABBV, PEP.

TAGS: Economy | Investing | Markets | Stocks | Trading | China | Jim Cramer |

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