The Trump administration "will take a look" after billionaire investor Peter Thiel said the FBI and CIA should see if Chinese intelligence has infiltrated Google.Technologyread more
On Monday, the first day of Amazon's 48-hour shopping extravaganza this year, retailers that make more than $1 billion in annual revenues saw a 64% increase in their digital...Retailread more
Builder confidence for single-family homes rose just one point to 65 in July, according to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI)....Real Estateread more
Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin.Financeread more
Expectations for lower interest rates and less fear about tariffs sent investors back into the market and set up what could be a profitable run ahead.Marketsread more
Southwest Airlines is delaying pilot hiring and captain upgrades with no end in sight to the grounding of the Boeing 737 Max.Airlinesread more
The U.S. and China have restarted their trade talks, but signs are showing a deal could be even harder to reach now.Marketsread more
The Federal Reserve's expected interest rate cuts appears to have impacted J.P. Morgan's forecast for 2019 net interest income.Financeread more
A crop of long-awaited technology companies coming to the public market this year created a "frothy" period, Bernstein said on TuesdayInvestingread more
GE hasn't had a year this good during this millennium. After that massive surge, one trader is warning investors to stay away.Trading Nationread more
Credit card sales volume rose 11% this quarter and merchant processing volume increased 12%, the bank says in its earnings statement.Banksread more
In his more than 30 years of investing, Jim Cramer has witnessed even the best investors in tears after a market-wide decline.
In order to conquer a sell-off, he said, investors must first circle the wagons around the stocks in their portfolio that they really like and leave the weak ones in the dust.
That means knowing the difference between a when hunting for bargains during a sell-off.
"A correction is just a megasale on stocks, no different than what you might find on all kinds of things at your Sam's Club any day of the week," the "Mad Money " host said.
After those steps are covered, it's time to get into the nitty gritty of the specific types of stocks that Cramer scoops up during a downturn. The good news is that the more brutal the sell-off is, the more attractive these stocks will look.
His first approach is to look for stocks that have pulled back from their highs during the sell-off. The new-high list is always a great place to start looking. Stocks on that list also tend to be expensive, which is why a big decline may be an opportunity.
Specifically, he looks for the stocks that were knocked off the new-high list and are trading a couple of percentage points from their 52-week high. Those will be the money magnets of the market.
However, Cramer warned that not all of it will be worth buying. Some may come off the list because they are damaged goods. So, homework is still important.
The second kind of stock that Cramer looks for during a gigantic sell-off is the type with dividends that become more attractive as their share prices go lower. Just as the 52-week high list is useful for stocks on a downturn, also keep a shopping list of stocks to buy if only their dividends were a little higher.
What does a market correction have to do with a dividend or yield?
When a market correction occurs, the price of the stock goes down and the yield goes up. Cramer loves it when a sell-off is so severe that an "accidental high-yielder" is created.
He refers to those stocks that didn't intend on being a dividend play, but have fallen so hard that the dividend yield has suddenly become meaningful or a way for the stock to have a quick bounce back.
"I know dividend investing isn't sexy, but believe me when I tell you that nobody ever woke up unhappy the next morning after bringing home a stock with a big dividend," Cramer said.
So, for those that are more conservative, Cramer says the best bet is to go for stocks that will practically guarantee money accumulation. That is exactly what a dividend does.
Cramer considers a sell-off as an opportunity to buy some of the best stocks out there, especially those that have just pulled off their highs and stocks that have fat yields thanks to the decline. Those are the best places to bargain hunt in a decline.