CNBC’s Jim Cramer recommends four stocks investors should consider adding to portfolios after ugly days in the market like Tuesday.
“While it may be a bear market, as long as commodity prices keep coming down, these stocks should be winners, which is why you have to treat ugly moments like these as buying opportunities. , “”mad Moneysaid the host.
“Not for everything — not even close — but for a select few stocks that are doing really well,” he said.
All three major indices fell The Dow Jones Industrial Average was down 1.56%, the S&P 500 2% and the Nasdaq Composite down nearly 3% on Tuesday.
Cramer reminds investors that market downturns can be great buying opportunities, though they should still be selective about which names they pick.
“Now, that’s not necessary, especially in the short term, but that’s why you don’t buy stocks all at once. You slowly enter them. … Buy some now. Buy later if they Keep going down,” he said.
Here are four of his recommendations:
“With each of these names, you have good news in your pocket. You have the latest information. It’s unlikely you’re going to get any negative earnings pre-announcement from any of these companies. Makes it buyable after an ugly day. This one,” he said.
Disclosure: Cramer’s Charitable Trust owns shares in Morgan Stanley, Disney and Johnson & Johnson.