Market Insider

Jim Cramer: This stock is Brexit's big winner

Cramer's Stop Trading: Brexit winner!
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Cramer's Stop Trading: Brexit winner!

As investors navigate the post-Brexit market, they should take a look at British beverage firm Diageo, CNBC's Jim Cramer said Tuesday.

"This is the British Johnnie Walker," Cramer said on "Squawk on the Street." "Suddenly, all their stuff is in strong currencies is back to weak; the exact opposite of the strong dollar and how bad it is."

The British pound hit its lowest levels in about 30 years after the U.K. shocked the world and voted in favor of leaving the European Union.

Diageo's U.S.-listed shares have struggled this year, shedding more than 11 percent. On Tuesday, the stock gained about 2 percent.

DEO in 2016

Source: FactSet

Disclosure: Cramer's trust did not own Diageo stock when this story was published.