"I like stock more when they're coming down than when they're flying high," Jim Cramer told his Mad Money viewers Monday. When the market is declining, investors should be running toward the sale, not fleeing from it. Fortunately, stocks were still on sale today, which should have everyone smiling.
Why did the market start declining in the first place? Cramer said investors were taking profits in Nvidia (NVDA) , which had run too far, too fast. But now that shares have fallen from $168 to $150 a share, Cramer said not might be the time to start buying in.
The markets were also digesting a downgrade of Apple (AAPL) , an Action Alerts PLUS holding. Cramer said the downgrade was well-intentioned, but he's still sticking with the company he called the strongest consumer brand in the world.
Then there are the other growth stocks, like FANG. Cramer said he's a buyer of Facebook (FB) and Alphabet (GOOGL) , two of the four FANG stocks, along with Adobe Systems (ADBE) and LAM Research (LRCX) .
As for the banks, Cramer said their fate is not in their hands, as all eyes are counting on the Federal Reserve to raise interest rates multiple times this year. Without a strong statement from the Fed, these stocks could be in jeopardy.
In the Lightning Round, Cramer was bullish on Charles Schwab (SCHW) , Essent Group (ESNT) , Cara Therapeutics (CARA) and MGM Growth Properties (MGP) .
Cramer was bearish on Chemours (CC) .
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.