Some of the first quarter’s biggest losers could be the biggest steals, Jim Cramer says

Some of the first quarter’s biggest losers could be the biggest steals, Jim Cramer says

Investors should consider purchasing stock of the first quarter's biggest losers if the market shows signs of recovering on its own, CNBC's Jim Cramer said Monday. "This market's screaming that we're headed for a [ ]-mandated slowdown, that could possibly become a Fed-mandated recession," the " " host said. "If we get more signs that inflation is cooling on its own, like the pullback in oil, then some of the hardest hit stocks might end up looking pretty enticing." The first quarter of 2022 was marked by rampant volatility. Russia's ongoing invasion of Ukraine in February sent commodities prices including oil skyrocketing, while in March the Fed took its first interest rate hike in three years in an attempt to tamp down rising prices. Global Covid outbreaks last month also caused supply chain snarls as factories in key areas like China were forced to shutter. Fed Chair Jay Powell in late March vowed to take . Adding to the speculative market environment, a key part of the Treasury yield remained inverted on Monday after shifted last week, heightening concerns about a possible recession coming. While inversions have historically preceded some economic recessions, they are not guaranteed indicators. Cramer said that