finance
Cramer Advises Buying Quality Stocks on Market Pullbacks
CNBC host Jim Cramer said investors should use sharp market declines to purchase high-quality stocks rather than chase short-term rallies. He cited Micron Technology as one stock that appeared attractively valued after Monday's decline.
May 18, 6:24 PM·1m read1 source
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CNBC host Jim Cramer said investors should use sharp market declines to purchase high-quality stocks rather than chase short-term rallies during sector rotations. Cramer recommended checking the largest daily losers in the S&P 500 and buying those that meet an investor's quality criteria. He said the approach allows gradual position building instead of aggressive buying during volatility.
The three major indexes finished mixed on Monday.
3 percent. Cramer's Charitable Trust holds shares of both Salesforce and Nvidia.
Technology fell 6 percent on Monday.
Cramer noted the stock traded at less than 12 times earnings and said it represented a buying opportunity during the rotation. He advised purchasing some shares immediately and adding to the position after any further 2-to-3 percent decline. " — Jim Cramer (cnbc.
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