After a difficult day of trading on Wall Street, CNBC’s Jim Cramer said the market is giving investors the opportunity to find stocks with great buys.
“Even though today we have a ruthless sales pitch But we’re still one of the greatest second opportunity markets I’ve ever seen, as you can see in the industry, between the morning and the end of the day, the “Mad Money,” the host said.
Stocks had a mixed session on Tuesday, with the Dow rising at the close and the S&P 500 tumbling 0.7 percent.The tech-heavy Nasdaq Composite pulled back nearly 2 percent.
“We̵7;ve seen this happen countless times. But it’s very hard for people to remember you should buy and not sell when stocks are falling, ”Cramer said.
Cramer pointed to trading in drug stocks to make a disposition lawsuit for Merck, Bristol-Myers Squibb and Eli Lilly shares, he noted, bounced after they missed estimates in the earnings report. Quarterly last week
“I think Eli Lilly, which we own for our trust in charities … represents true value compared to the rest of the market,” he said. Bad, you have to buy it. Obviously, a lot of money managers agree because it ended up being rallies today. ”
Eli Lilly shares closed Tuesday at $ 188.20 after rising 1.2 percent. Cramer suggested Eli Lilly’s move on Monday to approve the $ 5 billion buyback could be a turning point for the stock, which has fallen more than 11 percent since the end of the month. January
Disclosure: Cramer’s Charitable Trust owns Eli Lilly shares.
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