The most treacherous part of the year is about to begin, says Jim Cramer, "Earnings season."
It's a time when headlines can move stocks higher or lower only to have those gains or losses canceled out hours later when companies hold their conference calls.
And it's also a time when Cramer looks for those knee-jerk reactions from Wall Street to generate sudden discounts. If you identify a solid company, with a strong balance sheet, reliable management and other bullish fundamentals, Cramer suggests buying shares on any unexpected pullback.
However, if you don't want to wait for earnings season to generate an opportunity in which you can buy the stock of a good company at a discount, Cramer thinks there are at least two companies that are currently cheaper than they should be.