It's time for us to put cash to work in this ugly market. Here's where we will do our buying
In his Sunday column, Jim Cramer explains why investors need to hold their nose and do some buying.
TL;DR
- The market is currently in a negative state, with many stocks performing poorly.
- Investors should avoid staring at screens and instead think rigorously about potential future scenarios.
- A significant drop in oil prices, potentially triggered by geopolitical events, could lead to a sharp market rally.
- Sectors and stocks that are currently hated but have growth potential are likely to benefit most from such a scenario.
- Specific buy recommendations include transportation companies (FedEx, Boeing, airlines), banks (Goldman Sachs, Wells Fargo), and consumer discretionary stocks (Home Depot, Best Buy).