Jim Cramer: Buying opportunities to hedge against coronavirus sell-off

don't panic, it almost never makes sense to

sell

directly into the jaws of a huge phenomenon like this, the only time it made sense to

sell

in a panic was during the financial crisis, when everything was being crushed, but as I said at the beginning of the program this is not another financial crisis instead of selling everything you need, ask yourself carefully what has not been affected what is going down that does not deserve to go down because it will be worth

buying

those stocks in weakness if you have fresh cash first than once again, Because I don't intend to be optimistic, let's go over the negatives, we have to assume that the corona virus outbreak will not be contained.

Many people left Wuhan, this epicenter before the quarantine. It is quite clear that the disease spreads rapidly from person to person. person because it's so scary that the solution is going to hurt. Do you really want to go out to eat knowing that there may be someone at the next table who has been exposed to the virus? You can still be contagious even if you don't show any symptoms. you certainly don't want to fly to or from China and some people won't want to fly anywhere. Traveling is worrying, however, we informed you of all this last week, when there was still a good chance of going out and getting hit. just as we predicted, we can continue attacking them here, but we made our points known, so now let's make another set of points that leaves a lot of stocks that you can safely own, why don't we just create a portfolio of companies that have a lot of them? of us compared to the corona virus outbreak or we could really benefit from it.

You know, I know we're not supposed to try to profit and offer something terrible, but you often ask me on Twitter, Jim, what can I do? Okay, so we'll give you a list because we like to answer on Twitter what people want first, there's apathy, we know Chinese governors are fine, they're usually a combination of adding medications to help treat the disease, they have a big viral portfolio, a bit V I don't think it works, they are not preventive either, but they did work for some people in China during SARS, so there is some hope that at least ACOs are Muslim-legged because investors care that the company may have a shortfall in imports when we It may have given that the companies are about to close their allergens position, it is okay if the court of matters so important is that the intravenous route can take the allergens, the main drug Bo tox, and push him abroad.

Algorithms currently has an international presence, but Abby will be able to really expand that footprint, it is a much better and larger distributor of medicines. By the way, BC came up with a pill that can relieve migraine pain for most people in two hours, as a spokesperson for the American Migraine Foundation. I can tell you personally. experience that this could be a big hit migraines can be blinding, agonizing, debilitating, there has never been a decent pillow, it actually makes the pain go away and not that you know excedrin migraine doesn't work like that. I think the estimates for this drug are too low and that is why we want to buy more AbbVie for my Chapel Trust, which you can continue by joining the Action ORS plus.com Club in the meantime the copy is paying a dividend of five point six percent , that's not bad, they just stopped recovering today, but knowing this market bullet is going to go down tomorrow, don't you buy?

I saw this is what I want you to do if it goes up, don't buy it, there are so many

opportunities

, it was really big at one time today and people didn't want it. next up is Clorox, well here is another nice and reliable company that sells, I won't say the only cleaning product that kills everything. I think people will hoard their wipes. I am right, knowing that even with no cure for

coronavirus

in sight, these things could save lives because The main way to prevent transmission is to not touch things that other people have touched whenever there is a population-wide epidemic.

Kiss me weird, well, ten percent during the 2009 H1N1 outbreak, of course, some of their divisions are not doing so well, mainly coal bags. but there's a new version of the stock markets coming out soon and Kingsford season is too far away to care about the two point seven percent stock performance hey, that's not bad with the mandate of one point six thirsty doctors weren't

buying

in a weakness McCormick, the spice kingpin. Okay, Spice King McCormick. I like to call it that in a report tomorrow. They make Old Bay. They do a lot of things. They make blood.

French mustard. By the way, I saw that at ninety-seven dollars a bottle it was a war value anyway. If they put on tomorrow, I know they are a couple of sales, since people are always apprehensive about this, yes, the damn thing is that only a couple of dollars limits the eyes, almost as if someone anticipated the epidemic, we swallow something before the McCormick CO2 that stays at home. broth if you are too afraid to go out to eat people will be there for a couple of days believe me you will need to cook and if you cook you need to Caesar let's see what they say tomorrow fourth

coronavirus

broth three years ago a little bit company called owens and minor, but the best move in infectious diseases currently called Halyard, which has underperformed since it was spun off by Kimberly Clark for $710 million.

Owens and Minor obtained a master franchise in hospital gowns and hospital messes, however this stock is not for the squeamish, it has fallen eighty-two percent in the last five years, it has more than 1.6 billion dollars in debt, that was a mistake, he's definitely trying to sell certain properties to raise cash, which he said has historically been a good investment during a strong flu season. and so I think it works here as long as you recognize that it's a dispute between the modern fifth people, okay, it seemed like he was shooting from the hip last week when I told us he was working on something for the coronavirus, but wait, say I spent some time with these guys sent to the JPMorgan healthcare conference and I can tell you that they are no advertising artists, but there is a biotech company with revolutionary concepts to develop a whole new category of RNA-based drugs messenger, which is the agent that body that takes the blueprints but the DNA turns them into reality you change the message messenger RNA where you can basically reprogram your cells using this platform murder is worth ulam 21 medications to treat a number of different ailments remember that they have talked from being on Amazon Web services, to put it well, are doing a great job on infectious diseases like the corona virus and others like it.

They have major government contracts to develop vaccines for global health, including one with the approval of DARPA that invests in new technologies for Defense. Department, they are also working with Merkel to get more commercial vaccines given their platform and sponsors. I think Dern is still the company most likely to come up with something for this corona virus outbreak in a very short period of time, now maybe only a few. months, okay, it may seem like an eternity, I know, but it's a matter of time versus the speed of the outbreak. I wouldn't normally recommend a biotech stock.

It's speculation that something like this is unlikely to find a cure, but Derner has both. I'm going for it, I think it's really worth buying your six, how about Thermo Fisher? Well, that's Omo Scientific today. I also put this big division of GE now if you read The Lancet, one of the oldest medical journals in the world and by the way, I think the best source on the pandemic. I can't believe I'm checking this all day, but I do. They repeatedly point out that Thermo Fisher's genetic sequencing technology is the key to discovering how to treat the disease.

The stock has been doing tremendously but it could be even better I know and selling shows everything fails think more about this but one thing is right this is a company with some great franchises including cancer drugs ending of increase when they bought Celgene, which then, of course, correlate with Their own is reported on February 8 and I bet they set some synergy targets for the Seoulji deal. Their infectious disease portfolio is strong and is one more reason to buy the stock, plus the 2.8 percent yield doesn't hurt the bottom line. With the exception of Owens and Meyer, these are all conservative situations, but I recommend them because They will work regardless of whether or not we can contain the corona virus outbreak in a short period of time.

You need that kind of peace of mind if you're I'm going to try to buy anything in what I think could be a multi-day sale. Let's go to Kevin and Massachusetts Kevin. I said, oh yeah, booyah, Kevin, what's up? Anyway, I'm looking to get back into it. I was looking to see what you think. the price is okay, well FedEx is something I talked to my colleague David Favor about this morning. I said there have to be activists. Eventually this has become too cheap. Jim said. What is your catalyst if there is no asset? I don't have it. a catalyst away from not having activists because especially trade with China, thank God we are not in an economic war again with China.

China will slow down again and Playtex needs it to speed up. Alright guys, listen, this sell-off is going to hurt. We haven't won in a long time, but there are still a lot of things we can do, whether we contain the corona virus outbreak or not by much. We have made money, but fossil fuels have gone out of fashion in the Wall Street fashion show in a big way with the corona virus still causing. another step down is that the drop is justified. I'm going off the charts to then find out how panic plays a role in these market movements.

I'm offering my technique for today's drop and all your decisions quickly trigger tonight's edition of the lightning round, so stick with Kramer don't miss a second of that money follow Jim Cramer on Twitter have a question tweet hashtag Kramer crazy tweets send Jim an email at mad money at cnbc.com or call us at one eight hundred seven forty three CNBC miss something go to the Mad Money judge cnbc.com