Cramer’s 5 Recession-Resistant Stocks
Consolidated Edison (ED)
As avid “Mad Money” viewers know, Cramer has talked a lot lately about the need to own dividend-paying stocks with “domestic security,” meaning the underlying company has no exposure to Europe.
For his recession portfolio, Cramer suggests Consolidated Edison. The New York-based company is engaged in transmission and distribution. Cramer noted it’s not involved in power generation, though, which means the Environmental Protection Agency is less likely to crack down on them.
Cramer also likes that Consolidated Edison’s stock currently boasts a 3.9 percent dividend yield. The utility has boosted its dividend for 38 consecutive years, too.
Read on for the last of Cramer’s 5 Recession-Resistant Stocks
Verizon Communications (VZ)
Verizon Communications also made it into Cramer’s recession portfolio.
Not only does Verizon pay a 4.5 percent dividend yield, Cramer said it’s usually one of few stocks to stay up when the rest of the market is being dragged down by news regarding Europe’s debt crisis or otherwise.
“It has massive spectrum, the most up-to-date offerings and a terrific margin increase coming as it’s able to push non-Apple phones this quarter and make more per customer than if it sold iPhones,” Cramer said. “The new pricing schemes, the collapse of T-Mobile and the vast explosion of Internet consumption, all play right to into the hands of this serial dividend booster.”