In a market like this, the best offense is a good defense. Home Gamers should be looking for secular growth stocks, companies that make money no matter how bad the economy is. And there’s nothing more recession-proof than cigarettes. Well, maybe the mafia, but we’re talking stocks here.
There’s a reason Altria is a part of Cramer’s charitable trust – it’s the upside potential from the Kraft spinoff. Now MO is offering “when-issued” shares, called MO-WI, that allow you to buy just the cigarette portion of the company from now until March 30, which is when the split is set to occur. This way you don’t have participate in the spinoff yourself. Cramer has always been a bigger fan of the tobacco side of the business anyway, so this works out perfectly.