Investors just aren't sure what is real anymore. Wednesday, they saw stocks soar, and Thursday they plummeted. But could the dip in the market on Thursday mean that it might be time to start buying?
Stocks ended sharply lower on Thursday with lingering concern of the strength of the global economy and the effect of corporate earnings, with the Dow Jones industrial average (.DJI) falling 335 points, or 1.97 percent, and the S&P 500 (.INX) losing 40 points, or 2.07 percent. Jim Cramer thinks that Thursday's selloff is the real deal, as it is caused by events occurring around the globe.
Amid all of the market turmoil, a letter from Carl Icahn to Tim Cook, the CEO of Apple (AAPL), drew its own attention. In the letter, which was first posted on Twitter (TWTR), Icahn said that while Cook has done a fantastic job, there is so much more to do. Icahn proposed that the tech giant make a tender offer to get the stock rallying again, because he believes that Apple is undervalued.
Cramer's take away from this is that Icahn believes that Cook is not giving it all he's got. "I only wish there were other CEOs as shareholder friendly yet as strong in the creation, development and execution of terrific products as Cook," the "Mad Money" host said.
Despite ugly days like Thursday, there are still robust bull markets in individual sectors, and one in particular stands out: the cybersecurity space. Cramer says investors should be on the lookout for stocks that are tied to powerful long-term themes that are not reliant on the weakness in Europe, Middle East or China.
Cyberark Software (CYBR) is a small Israeli cyber security firm that went public in September and saw its stock rally 87 percent on the first day of trading. Though the stock has fallen 5 percent since that debut, Cramer thinks it could have some legs to grow.
Cramer still favors Palo Alto Networks (PANW), he would like to wait until the first quarter is completed as a public company before recommending Cyberark as a long-term investment. He recommends that as a trade, it makes sense to buy Cyberark into the weakness over the next week and half before the IPO quiet period ends, and then wait for analysts to roll out the research.
"It's not watertight as Noah's ark, but it might be able to withstand the storm of selling without the stink of those two-by- two animals, like bulls, and yes, bears."
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