His comments come after the announcement that the company is working with Coca-Cola to produce Jack-and-Coke canned cocktails. “This is a very tough market. It has incredibly high standards. The Brown-Forman stock would normally be unusual in a normal slowdown, but it is impossible for me to recommend here,” he said. The reason he can not recommend the company’s share is that it is just too expensive, according to the host of “Mad Money”. “There are all kinds of high quality companies with incredibly cheap stocks here. No one wants to get stuck on something expensive, even if the underlying story is good,” he said. The market had a particularly difficult day on Monday, with the S&P 500 falling to its lowest level since March last year and closing in on a bear market. Dow Jones Industrial Average and Nasdaq Composite also fell. Despite the news of the cooperation of the two companies, the shares of Brown-Forman fell 3.42%. Kramer gave investors the blessing of buying Coca-Cola shares, although he noted that the share “just goes well.” “It’s a stockpile of textbooks – people will continue to drink regardless of what happens in the economy,” he said. Join the CNBC Investing Club now to follow every Jim Cramer move in the market. Denial of responsibility Questions about Cramer? Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer’s world? Hit him! Crazy Money Twitter – Jim Cramer Twitter – Facebook – Instagram Questions, comments, suggestions for the “Mad Money” website? [email protected]
