Jim Cramer: "Now is the moment to Buy on the deep"

"If you waited for market retracement to buy at a cheap price, it's your time," said Jim Cramer. This week, the financial statements of a large number of US companies will be published. Although the expectations are very good, the likelihood of minimal market turmoil remains, in fact, it is happening, and this is the first "deeper" correction since the beginning of the year. According to Cramer, a large number of investors will look at this short-term decline as the opportunity for purchases.

But where do we head in to get the most out of it?
First of all, it's a good idea to look at the indices and most of the money to focus on buying ETFs or even CFDs on SP500 or Dow.

Concerning the different sectors, Cramer believes that the best opportunity will be given to the banking sector where stocks are relatively cheap and with a "iron" foundation for growth in 2018. This comes amid the high probability that the Fed will raise interest rates 3 or 4 times by the end of the year. "The only risk in the banking sector remains that it does not correct," Cramer added.

Source: Bloomberg Pro Terminal

Jr Trader Petar Milanov

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