In this article, we discuss the 5 stocks that Jim Cramer recommends for recession. If you want to read about some more stocks that Jim Cramer recommends for recession, go directly to Jim Cramer Recommends These 10 Stocks for Recession.
5. VICI Properties Inc. (NYSE:VICI)
Number of Hedge Fund Holders: 36
VICI Properties Inc. (NYSE:VICI) is a real estate investment trust that focuses on gaming and entertainment properties. Jim Cramer, in mid-June, placed VICI Properties Inc. (NYSE:VICI) among a list of companies that investors should look towards for protection in a recessionary market. He stressed that it was important for investors to focus on companies that made “real things, do real stuff, profit, and turn those profits to shareholders”.
On May 3, JPMorgan analyst Anthony Paolone reinitiated coverage of VICI Properties Inc. (NYSE:VICI) stock with an Overweight rating and a price target of $35, noting that the firm had the most efficient overhead among peers.
At the end of the first quarter of 2022, 36 hedge funds in the database of Insider Monkey held stakes worth $998 million in VICI Properties Inc. (NYSE:VICI), compared to 37 in the previous quarter worth $1.1 billion.