Jim Cramer says to consider buying these 8 stocks now that commodity prices are down

CNBC’s Jim Cramer on Thursday suggested traders to reap the benefits of falling commodity costs by including to their portfolios.

“Oil’s down massive, gasoline’s down massive and now you can purchase all types of shares that profit from cheaper gas, particularly the journey and leisure performs,” he mentioned.

The “Mad Money” host earlier this week criticized Federal Reserve leaders for his or her aggressive inflation statements that he warned may drag down the market. He additionally called out Congress for its two spending payments, warning that they might trigger wage inflation to remain elevated.

Cramer reiterated these sentiments on Thursday: Fed officers and Congress are “those behind the bear market of 2022, not the businesses and positively not you,” he mentioned.

He added that whereas it is often apt to promote industrial shares throughout an financial slowdown, declining costs of commodities resembling oil, grains and metals means traders can contemplate buying shares of firms which have reported nice quarters not too long ago. Nonetheless, traders ought to stay disciplined of their shopping for, he warned.

Right here is Cramer’s record of shares:

1. Toll Brothers
2. Lennar
3. Disney
4. Waste Management
5. Honeywell
6. Ford
7. DoorDash
8. Expedia

Disclosure: Cramer’s Charitable Belief owns shares of Disney and Honeywell.