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Jim Cramer says he likes these 5 Nasdaq stocks for 2023

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CNBC’s Jim Cramer on Thursday gave investors an inventory of stocks that he believes might be worthwhile additions to investors’ portfolios.

All of his picks are listed within the Nasdaq Composite. While the index is heavy with tech stocks that were hammered last 12 months, there are still names that would perform well even in a recessionary environment, in line with Cramer.

“In an index that is been folded, spindled and mutilated, I’m still feeling good about just a few of those stocks,” he said.

Listed below are his picks:

T-Mobile

  • Cramer said that he expects the corporate to proceed taking market share from competitors.

Regeneron Pharmaceuticals

  • “Regeneron’s got a broad pipeline with a ridiculously low-cost stock. I believe it’s a extremely, really excellent situation, especially in case you’re expecting a severe recession,” he said.

PepsiCo

  • The beverage giant rivals Procter & Gamble with regards to the most effective consumer packaged goods company within the U.S., he said, though he acknowledged that the stock’s valuation is a bit higher than he would really like.

American Electric Power

  • Cramer said that he likes the stock because the corporate is well-run, and utility stocks are inclined to perform well during economic slowdowns.

Dollar Tree

  • While he does just like the stock in comparison with other retailers listed on the Nasdaq, Cramer said that he still prefers TJX Corporations.

Disclaimer: Cramer’s Charitable Trust owns shares of TJX Corporations.

Jim Cramer says he likes these 5 Nasdaq stocks

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