Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Jim Cramer advises investors to buy, not sell after Tuesday’s sell-off

Jim Cramer advises investors to buy, not sell after Tuesday’s sell-off



After a tough day on Wall Street trading, Jim Kramer of CNBC said the market allows investors to find stocks that are excellent purchases.

“Even though we had a brutal sale today, we’re still in one of the biggest markets for a second chance I’ve ever seen, as you saw with the industrialists between mid-morning and late afternoon,” Crazy Money, presenter.

Shares had a mixed session on Tuesday, with the Dow gaining closing and the S&P 500 down 0.7%. The technological Nasdaq Composite fell nearly 2%.

“We̵

7;ve seen this happen countless times, people, but it’s very difficult for people to remember that you have to buy, not sell, when stocks collapse,” Cramer said.

Kramer pointed to drug trafficking to sue for sale before sale. Shares of Merck, Bristol-Myers Squibb and Eli Lilly, he noted, bounced after they missed estimates in their quarterly earnings reports last week.

“I think Eli Lilly, which we have for charity … is a real value to the rest of the market,” he said. “Lilly is lucky and when his stock is crushed on a bad strip, you have to buy it. Apparently a lot of money managers agree because they finally got together today.”

Shares of Eli Lilly closed at $ 188.20 on Tuesday after rising 1.2%. Cramer speculated that Eli Lilly’s move on Monday to allow a $ 5 billion buyback could be a turning point for shares that have fallen more than 11 percent since late January.

Disclosure: Cramer’s charity trust owns shares in Eli Lilly.

Rebuttal

Questions about Cramer?
Call Cramer: 1-800-743-CNBC

Want to dive deep into Kramer’s world? Hit him!
Crazy Money Twitter – Jim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions about the “Mad Money” website? madcap@cnbc.com




Source link