CNBC’s Jim Cramer on Wednesday identified 10 stocks in the S&P 500 that investors should consider grabbing at the right price.
“Consider me interesting, but only if we have some more down days like today This gives you a better buying opportunity as all these stocks are overbought.”
Here is their list:
- Tesla
- align technology
- catalant
- warner bros discovery
- meta platform
- NVIDIA
- Royal Caribbean
- CARNIVAL
- SVB Financial
- Norwegian Cruise
Cramer came up with the list by examining the best-performing stocks in the S&P 500 so far this year. He acknowledged that stocks still have a ways to go to rebound from their lows in 2022, but said that doesn’t mean they’re won. In the end don’t make up your losses.
“These stocks may have more room to run, especially if you believe they were driven artificially low by tax-loss selling or artificial dumping,” he said.
Cramer also warned investors that while S&P 500 winners can be good investments, they should stay away from many stocks that rallied this year after a tough 2022 — especially those that investors lost heavily. .
“I’m not going to get on board caravan just or Nouveau riche train. The basics — they’re pretty ugly,” he said.
Disclaimer: Cramer’s Charitable Trust owns shares of Meta Platforms and Nvidia.
