Jim Cramer says these 6 cyclical ‘smokestack’ stocks may be worth owning

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Conventional wisdom suggests that investors should avoid cyclical names in a recessionary environment, but some factors may be pushing these stocks higher.

. That means it's possible the central bank doesn't need to raise rates enough for industrial stocks to also get crushed, he said.

In addition, there are secular trends that could be pushing these stocks higher. Boeing and Honeywell have aerospace exposure during a global travel boom. Caterpillar, Deere and Nucor could benefit from the Biden Administration's infrastructure bill. "These are great companies that have positioned themselves in some terrific end markets and dominated their industries to the point where potential customers have no choice but to turn to them," Cramer said.Jim Cramer's Guide to Investing

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