Jim Cramer Warns Even High Quality Low Price-To-Earnings Stocks Could Get Beaten Down by a Recession

CNBC's Jim Cramer warned investors on Wednesday that while there are some stocks with low price-to-earnings multiples that look cheap and therefore investable, it's worth noting that they aren't always recession-proof.

"There are the higher-quality ones that you can justify owning if you feel a little more sanguine about the economy," the"Mad Money" host said. CNBC's Jim Cramer warned investors on Wednesday that while there are some stocks with low price-to-earnings multiples that look cheap and therefore investable, it's worth noting that they aren't always recession-proof.

"There are stocks with insanely low price-to-earnings multiples that can't be bought under any circumstances," the" " host said."Then there are the higher-quality ones that you can justify owning if you feel a little more sanguine about the economy."

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