The two-year Treasury has surged to around 4.3%, which is a sign that the Federal Reserve will continue to raise interest rates aggressively, said Cramer.
Ford Unveils New F-Series Super Duty Trucks Designed to Boost Its Commercial, Software Services Businesses
To come up with his top picks, Cramer first ran a screen on the S&P 500 to find stocks that are down 30% or more from their respective 52-week highs and yield 4% or more. From the over 50 stocks that fit the requirements, the stocks in the list were his favorite. "They might have more downside here, but I recommend you start buying them here and gradually build a position," he said.Jim Cramer's Guide to Investingfor the CNBC Investing Club to follow Jim Cramer's every move in the market.
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