• Home
  • Contact Us
  • Privacy & Policy
Friday, May 20, 2022
Finances Advise
No Result
View All Result
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading
No Result
View All Result
Finances Advise
No Result
View All Result
Home Business

Bank and cyclical stocks should be bought on the dip, Jim Cramer says

by admin
March 30, 2021
in Business
0
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


The weakness seen Monday in banks and cyclical stocks will be short-lived, and investors should buy them on the dip, CNBC’s Jim Cramer said.

“When you look at the stocks that got hit today, I don’t think they’re going to stay down,” the “Mad Money” host said, noting the “countertrend rally” into stay-at-home names seen during Monday’s session “will not have legs.”

Darden Restaurants and Norwegian Cruise Lines — names that were hit hard by Covid-related restrictions — dropped 3.5% and 2.3%, respectively. Bank stocks such as JPMorgan Chase and Citigroup each fell more than 1%. Meanwhile, shares of Clorox and Procter & Gamble — two companies that outperformed early in the pandemic — rose 2.6% and 1.6%, respectively.

“The most important lesson today is that this market is fickle, so don’t dump … [these] stocks when they’re going down,” Cramer said.

Cramer said he expects more upside on the bank and cyclical stocks that pulled back during the session. He also recommended investors look into buying shares of Disney and Boeing, two companies associated with travel and the reopening of the economy.

Cramer added investors can use days like this to trim holdings in lockdown plays and rotate into stocks that can benefit from an economic recovery.

“Sooner or later the rotation will change directions, meaning money will flow back to the great reopening stocks — the banks and the cyclicals — so you want to use days like today, and perhaps tomorrow,” Cramer said, “to buy them into weakness while you trim your positions in the lockdown stocks.”

Disclosure: Cramer’s charitable trust owns shares of Disney and Boeing.

Disclaimer

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money Twitter – Jim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com



Tags: BankboughtCramercyclicaldipJimstocks
  • Trending
  • Comments
  • Latest

A 48-year market vet warns that the Fed will be forced to tighten policy ‘way sooner’ than investors anticipate as inflation continues to soar — triggering a stock market crash of up to 80%

August 28, 2021
27-year-old UG graduate now millionaire proposes to girlfriend on b’day in video

27-year-old UG graduate now millionaire proposes to girlfriend on b’day in video

August 9, 2021

‘It’s begging to be destroyed’: A stock trader who says he made more than $100,000 shorting the market during the 2008 crash just bet against the S&P 500 — and warns there’s a ‘fair chance’ stocks are about to drop 25%

September 11, 2021

Stocks tanked in the first quarter, and new research shows there should be a reversal by the end of June

April 15, 2022

Prediction: 1 Stock-Split Stock That Will Lead the Market Recovery | The Motley Fool

0

Uber Hacking: Customers Not at Risk of Financial Crime, Says Minister

0

Black Friday Merchants Look to Extend Moment of Retail Optimism

0

Hotshot Snapchat Founders Face a Dilemma: Lie Low or Live Large?

0

Prediction: 1 Stock-Split Stock That Will Lead the Market Recovery | The Motley Fool

May 20, 2022
China forex regulator adds new forex hedging tools for companies

China forex regulator adds new forex hedging tools for companies

May 20, 2022

Top Stock Market News For Today May 20, 2022

May 20, 2022

UK Regulator to Consider Terra Coins Collapse in New Crypto Rules: Report

May 20, 2022

Recent News

Prediction: 1 Stock-Split Stock That Will Lead the Market Recovery | The Motley Fool

May 20, 2022
China forex regulator adds new forex hedging tools for companies

China forex regulator adds new forex hedging tools for companies

May 20, 2022

Categories

  • Bitcoin
  • Block chain
  • Business
  • Commodities
  • Ethereum
  • Financial Advisors
  • Forex
  • Investing
  • Litecoin
  • Market Insider
  • Personal Finance
  • Stocks

Site Navigation

  • Home
  • Contact Us
  • Privacy & Policy

We bring the Best and latest Crypto News

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

No Result
View All Result
  • Home
  • Business
  • Commodities
  • Crypto News
    • Block chain
    • Bitcoin
    • Ethereum
    • Litecoin
  • Finance
    • Financial Advisors
    • Personal Finance
    • Market Insider
  • Forex
  • Investing
  • Stocks
  • ICOs
  • Trading

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.