Some of the biggest losers in the first quarter could be the biggest robberies, according to Jim Cramer

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Investors should consider buying stocks of the biggest losers in the first quarter if the market shows signs of recovering on its own, CNBC’s Jim Cramer said Monday.

“This market is screaming that we are headed for a [Federal Reserve]– a mandated slowdown, which could eventually become a Fed-mandated recession,” the ‘Mad Money’ host said. “If we get more signs that inflation is cooling on its own, like the pullback oil, then some of the hardest hit stocks might end up looking quite attractive.”

The first quarter of 2022 was marked by rampant volatility. Russia’s continued invasion of Ukraine in February sent commodity prices, including oil, soaring, while in March the Fed made its first interest rate hike in three years in order to curb price increases. The global Covid outbreaks last month also caused rumblings in the supply chain as factories in key regions like China were forced to close.

In late March, Fed Chairman Jay Powell pledged to take aggressive action against inflation if needed.

Adding to the speculative market environment, a key part of the Treasury’s yield remained inverted on Monday after 2- and 10-year Treasury yields moved last week, heightening concerns of a possible recession ahead. . Although reversals have historically preceded some economic recessions, they are not guaranteed indicators.

Cramer said energy stocks were the best performers in the first quarter due to soaring prices, while “recession-resistant” utilities stocks also rebounded. Cramer also listed the biggest winners and losers in the first quarter that are listed in the Dow Jones Industrial Average, S&P 500 and Nasdaq 100.

Here are the winners and losers:

Dow Jones Industrial Average

Winners

losers

S&P500

Winners

losers

Nasdaq 100

losers

Disclosure: Cramer’s Charitable Trust owns shares of Chevron, Salesforce, Halliburton, Meta

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