Cramer recommends owning food stocks and names hurt by the chip shortage

"I think today was a powerful lesson you need a diversified portfolio with both smokestack [stocks] that use semiconductors … and also defensive food stocks with big dividends," the "Mad Money" host said.

Cramer said Apple, Caterpillar and Ford Motor — whose shares fell in Thursday's session — are worth buying on any declines connected to the low supply of semiconductors.CNBC's Jim Cramer on Thursday made a case for investors to get exposure to companies impacted by the ongoing global chip shortage and stocks benefiting from the rotation into consumer packaged goods.

"I think today was a powerful lesson you need a diversified portfolio with both smokestack [stocks] that use semiconductors … and also defensive food stocks with big dividends," the "

$F I picked up more Ford today and next time it dips down I will buy more ...No brainer easy 75 % gain by the end of the year 🚀🚀🚀

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