Jim Cramer Says Investors Should Pay Attention To These 5 Losing Stocks

CNBC’s Jim Cramer said on Thursday that investors should look for buying opportunities among stocks that have been hit by a turbulent stock market.

“It could be argued that for many groups this bear market is just working off the excesses of the last two years… However, for some stocks, the sell-off was even worse,” said the Mad Money host. .

“The most affected names are now trading lower than they were at the beginning of the pandemic, and in some cases significantly lower. These are what I call full blown stories, and while some are, I admit, dangerous, others are amazing buying opportunities here,” he added.

The market has fluctuated for months as Russia’s invasion of Ukraine, soaring inflation, higher interest rates by the Federal Reserve and the Covid shutdown in China rocked Wall Street and sent the market down.

Cramer told investors that instead of bottoming out worse stocks, they should stick with stocks that have fallen but still have consistent histories that prove they can bounce back.

To compile his list, Cramer focused on the top 10 stocks with the largest market capitalization at the close of the market on Wednesday. He then narrowed down the list to five names that he thought would make great additions to investor portfolios.

Here is his list:

1. Platform meta
2. Bank of America
3. Wells Fargo
4. Cisco Systems
5. Disney

“I like Meta Platforms, some banks, Cisco and Disney… The rest? Not to my taste yet,” he said.

Disclosure: Cramer’s Charitable Trust holds shares in Cisco, Disney, Meta Platforms and Wells Fargo.

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Denial of responsibility