Monday - Friday, 6:00 - 7:00 PM ET

CNBC’s Jim Cramer recommended investors buy companies that can put up strong revenue and earnings regardless of the economic backdrop, explaining the key qualities of a secular growth stock.

“You want great secular growth stories that can handle high interest rates or a weak economy, and have the ability to scale, meaning you can see how they might eventually grow into something enormous,” Cramer said. “Those are the kinds of stocks you can own for years, or even decades, racking up tremendous gains, as long as you regularly do the homework so that you can bail if something ever goes really wrong.”

Companies that can survive big interest rate hikes don’t have to borrow a lot of money, and its customers don’t depend on financing to make purchases, Cramer said. He stressed that he’s not against all companies borrowing money – noting that Amazon

and Tesla