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Cramer Says Sell These 'Completely Untouchable' Stocks

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  • Jim Cramer recently shared a look into a few stocks that he believes are completely untouchable due to the debt associated to them.

As oil continues to tumble, Cramer said "there's a dark underbelly" that hasn't been discussed enough. "The longer crude keeps collapsing, the more stress there really is in the system."

Investors might believe that "the oils have been the worst place to be in this market," but they'd be wrong, Cramer said.

"There is no place to be reaching for yield," he explained, as many of the companies in the index the expert follows, iShares iBoxx $ High Yid Corp Bond (ETF) (NYSE: HYG), are getting hammered, so sell now, he said.

Avoid PacWest Bancorp (NASDAQ: PACW), Cramer went on, "The bank stocks also are in the crosshairs of Washington."

Cramer then went into WhiteWave Foods Co (NYSE: WWAV): This stock acts so horribly that I really feel like it's almost saying that it’s got to go lower."

Next up was Lannett Company, Inc. (NYSE: LCI), a company that he considers good, but would not buy at the time, because it is "a Washington story."

Finally, the pundit shared his view of the FANG trade. "As long as the bear is raging, FANG is a tough group to own" but once the market-wide selloff finishes, "FANG can indeed get its groove back."

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.

 

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