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FirstEnergy (FE)

Not only is the utilities sector one of Cramer's favorite places to hide in a tough market, he thinks FirstEnergy could be the “biggest utility winner from the EPA’s new emissions regulations.” The company gets 90 percent of its output from either nuclear or scrubbed coal that’s already cleaner than what the U.S. Environmental Protection Agency requires. Meanwhile, it's also benefiting from its acquisition of Allegheny in February of last year.

FirstEnergy currently boasts a 5 percent dividend yield and Cramer thinks it's worth a look.

Click here for more from Cramer on FirstEnergy.

Photo: firstenergycorp.com