Cramer says he was intrigued by these top 10 S&P 500 stocks.
CNBC’s Jim Cramer on Wednesday identified 10 stocks in the S&P 500 that investors should consider buying at the right price.
“Consider me intrigued, but only if we have a couple more down days, like today, that give you a better buying opportunity because these stocks have all been overbought,” he said.
Here is his list:
- Align Technology
- Warner Bros. Discovery
- Platform Meta
- Royal Caribbean
- SVB Finance
- norwegian cruise
Cramer compiled the list by examining this year’s top earning stocks in the S&P 500. He acknowledged that stocks still have a way to go to rebound from their 2022 lows, but said that doesn’t mean they’ve won. end up not making up for their losses.
“These stocks may have more upside, especially if you think they have been pushed to an artificially low level by selling at a loss or artificially dumping,” he said.
Cramer also warned investors that while S&P 500 winners can be good investments, they should stay away from the many stocks that have risen this year after a tough 2022, especially those that investors have been selling heavily.
“I’m not going to come on board Karvana bus or Upstart train. The basics are too ugly,” he said.
Disclaimer: Cramer’s Charitable Trust holds shares in Meta Platforms and Nvidia.