Many investors are making the mistake of sitting out the stock market for fear of Europe’s ongoing debt crisis, said Jim Cramer on CNBC’s “Mad Money.” Yet Cramer noted that select stocks have performed well despite the uncertainty in the euro zone.
Take Dunkin' Brands Groupand Dollar General, for example, which have seen gains of 33 percent and 20 percent year-to-date respectively. Not only do these companies have little exposure to Europe, they have little presence in California, too.
“Dollar General, with 10,000 stores, is just now opening 50 locations in the state that represents one-fifth of this country. Dunkin' Donuts has just opened its first California store,” Cramer said. “We know that domestic retailers put up their best numbers during a regional to national expansion and both of these companies still have their growth runways ahead of them.”
Instead of worrying about Europe, Cramer said investors could have recently bought these stocks at discount, too. Dollar General has recently done three secondary offerings, he said. Dunkin' has done two secondary offerings within the past year, he added.
“I simply don’t understand why you had to be on the sidelines, away from these stocks, just because of Europe,” Cramer said. “They are there for the taking.”
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