Cramer Names Four Consumer Staples Stocks as Sector Gains 11.4%

Mad Money host Jim Cramer said Friday that he favored four consumer staples stocks as investors looked beyond technology and the sector rose 11.4% in October. The Nasdaq-100 fell nearly 7% for the month, while consumer staples had the second-best sector performance after energy. The S&P 500 Equal Weight Index gained roughly 5% as investors rotated toward defensive areas. The staples category includes household-name businesses whose products people tend to buy across different market and economic conditions. Cramer said investors should respond to current market conditions while technology issues persist.

Source: TokenPost