Jim Cramer says he buys shares on these issues to navigate a shady market

Investors are buying companies that align with enduring issues that can withstand the negative sentiment on Wall Street, CNBC’s Jim Cramer said Thursday.

Host “Money Money” comments came after the Dow Jones Industrial Average and S&P 500 closed lower for the fourth straight session. The high-tech Nasdaq Composite also ended in red, as the top three U.S. equities averaged toward a negative week.

“How do you deal with an increasingly shady market? I have a solution: buy shares of companies that fit … broader topics, of which you can always buy more if the shares show up,” Cramer said. .

The first thing Cramer highlighted is cybersecurity, which he said “is essential in a world where everything is more and more connected and the bad guys are getting smarter.” In this industry, he said CrowdStrike is “almost unmatched,” with Palo Alto Networks being a possible exception.

The second issue is “anything that makes you look or feel better during the pandemic,” Cramer said, referring to companies like Signet Jewelers and Ulta Beauty.

Another enduring issue that remains in place despite the Covid delta variant or Federal Reserve policy is “the digitization of everything,” Cramer said. One company that directly fits this trend is enterprise automation software maker UiPath, he said.

Finally, Cramer said that financial empowerment through technology has a bright future, regardless of the current attitude on the street.

“This is an irrepressible story, whether we’re talking zero commission trading or artificial intelligence-driven loans that allow you to escape the chains of your credit score,” said Cramer, who added that Affirm Holdings and other purchasing companies now pay back industry. they are also promising.