In the current political backdrop, investors are looking to pay less than they normally would for certain stocks, CNBC’s Jim Cramer assured on Monday. However, as Warren Buffett explained, this will only lead them to miss out on the opportunities that arise.
Cramer then went into a few stocks to buy (or avoid) right now:
The expert considers the call between TJX Companies Inc TJX and Bed Bath & Beyond Inc. BBBY quite easy. His confidence right now is placed on the former because it has home goods, “which is smoking” at the moment.
Related Link: Cramer Says He Likes Bargain Stores: It's All About Value
Cramer then went on to suggest “waiting for the next market wide pullback… Not a casino one, but a market wide” pullback. When this happens, buy some Wynn Resorts, Limited WYNN stock, taking advantage of the weakness, he advised. As the analyst has said in repeated occasions in the past, betting against Steve Wynn is definitely “unwise.”
Next up was Etsy Inc ETSY, which Cramer likes, especially after its latest earnings call. “I don’t understand why people aren’t cheery” after its latest quarterly results, he added. “And I was dead set against that company for 20 points.”
Related Link: Cramer's 'Lightning Round' Picks And Passes: First Solar, Lending Club, Dominion Resources And More
Finally, the TV host urged investors to think like the Oracle of Omaha (Mr. Buffett) for a second. “Look at Walt Disney Co DIS in a long-term view,” he advised. And, by the way, why not buy Berkshire Hathaway Inc. BRKBRK? Why not buy the stock “of the greatest investor of our time?” Cramer concluded. “It’s almost counter-intuitive not to. Runs against great American grain.”
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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