Jim Cramer picks 4 ‘buyable’ stocks to snap up after ugly market days

Jim Cramer picks 4 ‘buyable’ stocks to snap up after ugly market days


CNBC’s Jim Cramer recommended four stocks investors should consider adding to portfolios after ugly days in the market like Tuesday.

“While this may be a bear market, as long as commodity prices keep coming down, these stocks should be winners, which is why you’ve got to treat ugly moments like this one as buying opportunities,” the “Mad Money” host said.

“Not for everything — not even close — but for select few stocks that truly have something good going on,” he added.

All three major indices fell on Tuesday, with the Dow Jones Industrial Average dropping 1.56%, the S&P 500 falling 2% and the Nasdaq Composite declining nearly 3%.

Cramer reminded investors that down days in the market can be great opportunities to buy, though they should still be selective about what names they pick up.

“Now, these may not necessarily pan out, especially in the short-term, but that’s why you don’t buy stocks all at once. You leg into them gradually. … Buy some now. Buy some later if they keep going down,” he said.

Here are his four recommendations:

  1. Morgan Stanley
  2. Disney
  3. Johnson & Johnson
  4. Starbucks 

“With each of these names, you have good news in your pocket. You have fresh information. It’s unlikely that you’re going to get any negative earnings preannouncements from any of these companies. That’s what makes these stocks buyable after an ugly day like this one,” he said.

Disclosure: Cramer’s Charitable Trust owns shares of Morgan Stanley, Disney and Johnson & Johnson.



Source

E.l.f. Beauty’s profits fall 30% as China tariffs weigh on bottom line
Business

E.l.f. Beauty’s profits fall 30% as China tariffs weigh on bottom line

E.l.f. Beauty’s profits fell 30% in its fiscal first quarter as new tariffs on Chinese imports begin to impact the cosmetic company’s bottom line. In the three months ended June 30, E.l.f.’s net income fell to $33.3 million, down 30% from $47.6 million a year ago. The company, which sources about 75% of its products […]

Read More
ESPN flagship streaming service to launch Aug. 21
Business

ESPN flagship streaming service to launch Aug. 21

A general view of the ESPN Monday Night Countdown booth prior to the game between the Jacksonville Jaguars and the Cincinnati Bengals at EverBank Stadium in Jacksonville, Florida, on Dec. 4, 2023. Mike Carlson | Getty Images ESPN will launch its new flagship streaming service — also named ESPN — on Aug. 21. Disney’s ESPN […]

Read More
Sen. Warren asks FTC to consider blocking Dick’s-Foot Locker merger over antitrust concerns
Business

Sen. Warren asks FTC to consider blocking Dick’s-Foot Locker merger over antitrust concerns

Foot Locker and Dick’s Sporting Good stores. Reuters Sen. Elizabeth Warren is calling on the FTC and DOJ to consider blocking Dick’s Sporting Goods’ proposed acquisition of Foot Locker, writing in a letter to the agencies that the merger could cut jobs, raise prices and reduce competition.  The missive, sent Tuesday evening, asks the agencies […]

Read More