Offbeat Cramer points to the market's 'endless buying opportunities' as stocks slide on trade war worries

01:40  02 august  2018
01:40  02 august  2018 Source:   cnbc.com

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Cramer points to the market ' s ' endless buying opportunities ' as stocks slide on trade war worries . The market ' s downward swings present " endless " chances to buy high-quality stocks , CNBC's Jim Cramer says.

The Dow drops sharply on Monday as investors react to last week' s escalation in the ongoing trade war between Washington and Beijing .^DJI. Want to be alerted before Jim Cramer buys or sells GOOGL? Markets Stocks World. More from Markets .

As refreshed trade-related concerns drove stocks lower on Wednesday, all CNBC's Jim Cramer could see were "endless buying opportunities."

"We saw the banks get slaughtered when rates were going lower," the "Mad Money" host said. "Now rates are going higher again — and the Fed signaled today that they're going to keep rising — the banks are superb investments."

The retail stocks also became somewhat "hated" on Wednesday as sellers took to the sector on worries that business isn't as strong as it seems.

But, as illustrated by his comments on Tuesday, Cramer wasn't buying it.

"I think the last three months are the least important months of the year for retail, and I do believe that back-to-school will be quite robust," he told investors. "That means you'll have a lot places to win."

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Cramer added that he thought the retailers would remain safe investments despite the Trump administration's announcement that it is considering a 25 percent tariff on $200 billion worth of Chinese imports.

"I know there are concerns about the new tariffs if they're put in place. Won't they hurt retailers? I'm not as worried as many others because I see them moving private-label apparel business out of the People's Republic for manufacturing into other countries," he said. "I suggest you use this weakness to buy those stocks."

And when it comes to the industrial stocks, many of which have undergone drastic swings on every conflicting piece of tariff news, the "Mad Money" host advised that only hardened investors should take on the volatility.

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Jim Cramer ’ s 25 Investing Rules. Home. / Markets . Steel stocks such as Action Alerts PLUS holding Nucor Corp. (NUE) traded higher on the tariff news. The Dow Jones Industrial Average closed down 251 points , or 1.02%, to 24,416.

Concerns about an escalating U. S .-China trade war made markets topsy-turvy on Wednesday, with U. S . stocks breaking a four-session winning streak and Brent crude prices seeing their biggest one-day drop in two years. Metal prices also slumped after U. S . President Donald Trump' s threat overnight of.

"All I can say is that you shouldn't own these industrials unless you think that we're going to win the trade war relatively soon," he said. "I think we will, as long as people remember that winning doesn't necessarily mean that China has to lose. I think it just means that we get to win as much as they do."

All things considered, investors who can't handle volatility — or stay focused enough to use weakness as a chance to buy — should probably stay away from stock-picking for the time being, Cramer said.

"If you can't deal with the volatility, if you can't use the panic attacks to buy, go all index funds, will ya? Because the moves will only be exacerbated until the Chinese blink, and then you'll catch a move that could be extraordinarily bullish," he concluded. "But until that happens, the forecast remains delicious pleasure followed by maximum pain."

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Cramer says index fund buying and buybacks are creating a 'stock shortage' .
Jim Cramer attributes the market's rally to the confluence of two drivers: increased index fund investing and corporate share buybacks.As employment ticks up and people find more money in their pockets, U.S. investors are becoming more frugal and choosing risk-averse index funds over individual stock-picking, CNBC's Jim Cramer said Tuesday.

Source: http://us.pressfrom.com/news/offbeat/-172224-cramer-points-to-the-markets-endless-buying-opportunities-as-stocks-slide-on-trade-war-worries/

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