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Jim Cramer: This stock is Brexit's big winner

Fred Imbert

As investors navigate the post- Brexit market, they should take a look at British beverage firm Diageo (London Stock Exchange: DGE-GB), CNBC's Jim Cramer said Tuesday.

"This is the British Johnnie Walker," Cramer said on " Squawk on the Street ." "Suddenly, all their stuff is in strong currencies is back to weak; the exact opposite of the strong dollar and how bad it is."

The British pound (Exchange:GBP=) hit its lowest levels in about 30 years after the U.K. shocked the world and voted in favor of leaving the European Union.

Diageo's U.S.-listed shares have struggled this year, shedding more than 11 percent. On Tuesday, the stock gained about 2 percent.

DEO in 2016

Source: FactSet

Disclosure: Cramer's trust did not own Diageo stock when this story was published.



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