Jim Cramer of CNBC unveils a cheat sheet to find safe sectors where money can be invested in this volatile market environment. The moderator of "Mad Money" teamed up with Jim Snee, the CEO of Spam Maker Hormel, to hear about the product journey and the former CEO of J. Crew, Mickey Drexler. In the episode of Thursday Cramer makes a new appeal and an optimistic argument for a retail company that has sneaked through troubled waters: Bed Bath & Beyond.
Where can you buy stocks in this treacherous market?
CNBC's on Thursday gave investors a glimpse into its approach to identifying stocks worth buying in a volatile market under pressure on several fronts after losses on Monday and Tuesday, but the host of "Mad Money" said Wall Street "did not get what we desperately need, which is a better reason to buy more stocks here."
"Let me guide you through my section for what it's worth to be bought at this telltale moment," he told Jim Jim Cramer, referring to the company's "food journey" on his commitment to entrepreneurial and social responsibility.
Snee said in a session interview at the New York Stock Exchange that Hormel focuses on three pillars: employees and partners, sustainability goals and return to local communities, and products that improve consumers' lives.
The host inquired about the company's Impact Per Shares, which Cramer finds out what companies are doing to improve their impact, especially on the environment.
"It could be a yearning for health reasons," Snee said in an interview, "but if you think about our portfolio, it's broad, profound, and improving the lives of consumers." So these three pillars on our Food Trip [is] on which we make a difference. "
A Bullish Case for Bed Beth & Beyond
A customer carries a shopping bag in front of a business of Bed Bath & Beyond Inc. in Charlotte, North Carolina.
Logan Cyrus | Bloomberg | Getty Images
Bed Bath & Beyond is a stock worth buying because the company has a "knowledgeable" CEO.
The host has long advised viewers to stay away from the domestic retailer. No more.
"I think it is time to take a positive attitude in this regard," Cramer said. "Bedbath has been punished enough." Now that they have a competent CEO, better than that, a great CEO coming in, I bet the stock could bring much more profit.
Report by Kevin Stankiewicz  Why Do Malls Have Problems Mickey Drexler Blames the Structure and Lack of Creativity
Mickey Drexler, former CEO of J.Crew and supporter of Alex Mill.
Adam Jeffery | CNBC
Mickey Drexler, the trading legend of the then Gap and J. Crew visited "Mad Money" to share his thoughts on the future of retail with Cramer and the viewers, and the retired former CEO is also on Apple's former board member who worked with Steve Jobs to launch the tech giants Cramer asked Drexler what he saw as the biggest challenge for shopping malls in the modern shopping landscape 19659004 Well, you know, for me and everyone, it's direct for the consumer, I think the structure is – if there are two gains, two serves instead of one, then it already increases the perceived Value of goods, "he explained, adding," they do not do enough to make them creative and convincing places to hang on except for a few.
Interest rate cuts may prevent a recession
US Federal Reserve Chairman Jerome Powell speaks at a press conference following a meeting of the Federal Open Market Committee in Washington, DC on July 31, 2019.
Andrew Caballero-Reynolds | AFP | Getty Images
Cramer reiterated that the slowing US economy needs another Federal Reserve rate cut
He said there are "two camps." One group wants the Fed to be out of fear while the other hopes for a recession that damages President Donald Trump's re-election chances.
C Cramer said Chairman Jerome Powell's central bank was a solution to the problem.
"Now we have here No political agenda for "Mad Money", aside from higher stock prices, "said the host." And I can no doubt tell you that rate cuts are good for The economy and thus the stock market would be. "
Cramer's Blitz Round
In Cramer's Blitz round the" Mad Money "host zips through his thoughts on the most popular stick picks of the caller of the day.
Verizon: "Oh, my goodness, four percent return, good balance, good business, I say buy, buy, buy."
: "No, private prisons – we're against them, selling, selling, selling We were against her forever. "