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Jim Cramer is looking for long term trends that can lead to profits in your portfolio. A recent CNBC article said:

Healthy eating is a massive long-term theme that can deliver year-after-year, Cramer said. To play it, he recommends companies that can deliver high-quality food that's both delicious and healthy.

Read the full article here.

Another trend that appears likely to remain strong is for premium products that most people can afford. The companies below all have the image of offering premium products that even in a weak economy, are still affordable to the middle class.

If people can't afford the big ticket items like a fancy vacation, or a new car, they still will want to treat themselves to the best in something and that is one reason why these companies are likely to prosper even in a recession.

Here are 4 stocks Cramer says to buy on dips:

Whole Foods Market (NASDAQ:WFM) is a leading food retailer specializing on organic and natural products for health conscious consumers. This is a "best in breed" company but the price to earnings ratio is far above the average for grocery stocks. It deserves to be higher than other stocks, but I think it makes sense to wait for pullbacks as Jim Cramer states.

Here are some key points for WFM:

  • Current share price: $59.55
  • The 52 week range is: $34.04 to $68
  • Earnings estimates for 2011: $1.91 per share
  • Earnings estimates for 2012: $2.20 per share
  • Annual dividend: 40 cents per share which yields 0.6%
  • Book value: $16.06 per share

Panera Bread Company (NASDAQ:PNRA) is a specialty restaurant chain offering premium soups, sandwiches, salads and other products nationwide. This company has seen solid growth over the past several years and the stock has been a fantastic investment for long term investors.

Chances are that this company will continue to provide solid revenue growth and gains in the stock price. The stock recently dropped to about $100 and looks like a smart buy on any dips.

Here are some key points for PNRA:

  • Current share price: $108.56
  • The 52 week range is: $77.55 to $133.43
  • Earnings estimates for 2011: $4.58 per share
  • Earnings estimates for 2012: $5.28 per share

The Hain Celestial Group (NASDAQ:HAIN) is a leading maker of a wide variety of organic foods and other products for health conscious consumers. This stock plunged to about $27 in the market correction and has since rebounded sharply. I would wait for opportunities to buy under $30, there is a good chance HAIN will retest the recent lows and that would be a much better time to buy.

Here are some key points for HAIN:

  • Current share price: $31.75
  • The 52 week range is: $19.83 to $37.24
  • Earnings estimates for 2011: $1.34 per share
  • Earnings estimates for 2012: $1.53 per share

Chipotle Mexican Grill (NYSE:CMG) operates a number of restaurants that offer high quality and affordable Mexican foods. This stock has been a market leader but the price to earnings ratio of about 42, is so much higher than almost any other stock in this market that I can't even get close to considering a buy, unless the stock fell under $200. If this company were to miss earnings, the stock could drop hard so it's too risky for me.

Here are some key points for CMG:

  • Current share price: $296.46
  • The 52 week range is: $142.82 to $337.32
  • Earnings estimates for 2011: $6.82 per share
  • Earnings estimates for 2012: $8.64 per share
  • Annual dividend: none

Data is sourced from Yahoo Finance. No guarantees or representations are made. Hawkinvest is not a registered investment advisor and does not provide specific investment advice. The information is for informational purposes only. You should always consult a financial advisor.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: 4 Stocks Cramer Says To Buy On Dips