A Stock With Dependable, Consistent Growth

With so much uncertainty in the market, Cramer on Friday recommended stocks with consistent growth.

Take Jarden , for example. The Rye, N.Y.-based company producers an array of products and operates several well-known brands, including Rawlins baseball gloves, K2 skiing equipment and Coleman outdoors gear. Its outdoor solutions segment accounts for 42 percent of total sales, Cramer said. It was its strongest segment in the most recent quarter, posting 13 percent organic growth. Jarden also makes Crock-Pot-brand cookers, Mr. Coffee java makers, Oster-brand kitchen appliances, First-Alert smoke alarms and Bee- and Bicycle-brand playing cards, among other branded products.

"What’s the point of having a company that makes all of these diverse, totally unrelated products?" Cramer said. "Because Jarden knows how to manage brands. In each of these segments they have brand equity—they’re typically the market leader in every niche where they operate and they maintain that position through constant product innovation to keep their old brands relevant."

Cramer first got behind Jarden's stock in November 2009 when it was trading at $26.30. It's since posted a 29 percent gain, but has currently pulled back on concerns over higher commodity costs. With the stock trading at 10 times forward earnings and boasting a 10 percent long-term growth rate, Cramer thinks it's attractive. To learn more about this consumer goods name, Cramer spoke with CEO Martin Franklin. Watch the video to see video of his full interview.

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