A Recession-Resistant Stock
"If we really believe we're headed into a slowdown, then you need to own some recession-resistant stocks that work regardless of what's happening with the economy," Cramer said Friday. "That means anything you can eat, drink, brush your teeth with or medicate yourself with."
Take Diamond Foods , for example. The San Francisco-based company makes a variety of snack products such as glazed nuts, roasted and mixed nuts, breakfast trail mix products, microwave popcorn products, and potato and tortilla chips. Its products are sold under the Emerald, Pop Secret, Kettle, and Diamond of California brand names. If its Pringles acquisition goes though, it will become the second-largest snack company in the world.
On Thursday, Diamond reported strong quarterly results. Cramer has been bullish on this stock for some time, so those who own it were lucky to enjoy a 9 percent gain on Friday.
Cramer continues to like DMND (even though it's not exactly cheap), but to learn more about its future prospects, he welcomed CEO Michael Mendes back on "Mad Money." See the full interview here.
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