Cramer went on to highlight 10 names investors could consider buying during a selloff. He added that all the stocks have seen large gains so far and it is natural for large investors and hedge funds to lock in gains during a sell-off and "coast through the rest of the year."
"If you own the stocks i'm talking about, these sellers, not the fundamentals of the companies — they are the real enemy," Cramer said.
With that said, here is a list of stocks Carmer believes can get "hammered" only to swiftly rebound.
10 Names
- NVIDIA Corporation NVDA is a bullish play given the company's involvement in the Internet of Things and gaming.
- Lam Research Corporation LRCX and Applied Materials, Inc. AMAT are two semiconductor equipment makers which happens to be one of the hottest sectors in 2016.
- PVH Corp PVH is seeing a European comeback of "stunning proportions" and could be a big winner in a non-promotional mall environment.
- Urban Outfitters, Inc. URBN has shown a strong back to school offering, and its stock is finally showing signs of a comeback so any temporary selloff in the stock will swiftly be reversed.
- Microchip Technology Inc. MCHP is a positive stock to play for investors wanting to gain exposure to the Internet of Things. Perhaps more importantly, the company is an attractive takeover candidate.
- Symantec Corporation SYMC is an attractive cybersecurity name following its acquisition of Blue Coat and is a natural "bounce back" stock.
- Intuitive Surgical, Inc. ISRG, another medical devices company, has a solid business that could produce better-than-expected results relative to the Street's expectations.
- Edwards Lifesciences Corp EW revolutionized the medical industry with its heart replacement device.
- QUALCOMM, Inc. QCOM is an attractive stock after successfully resolving disputes related to a loss of Apple business to Intel and a dispute with Chinese communication companies.
- Micron Technology, Inc. MU has seen success as of late in the flash business and new product cycles.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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