recommende

safety

Lastly, Johnson & Johnson (JNJ), Colgate-Palmolive (CL) and Hershey (HSY) are the stocks to buy for anyone feeling a bit more cautious. These are classic defensive names for anyone who is not as bullish on the economy.

Cramer: America On Sale: Jim Cramer tells investors what to buy on the back of the weakened dollar and sovereign downgrade talk.
Click here to watch the video.

(Put Colgate-Palmolive (CL) on your screen to test the thesis of options vs. rotation, as this one is going to $65 or $60.)

They also reach for Colgate (CL), although here you really should be thinking about a euro vs. dollar trade, and Colgate is a Latin America vs. dollar trade

all weather high dividend recession resistant stock

Increased the quarterly dividend by 10%, effective as of second quarter 2009. The new quarterly rate of $.44 per share is up from $.40. The second quarter dividend is to be paid on May 15, 2009 to shareholders of record as of April 24, 2009.

“Colgate’s in the middle of its trading channel right now. It’s too late to buy and too early to sell,” said Fitzpatrick. He sees this stock as too risky of a play to make right now.

Cramer said when times get tough, strong companies get stronger and take market share from their weaker rivals. He said companies like Clorox (CLX) and Colgate (CL) are getting it right, by capitalizing on the strength of their brands.

STILL HASN'T COME BACK

it is down