Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
CNBC's Jim Cramer said Monday that stockholders of household names should not be too quick to pull the trigger when they hit a rough patch because the market tends to be forgiving.
"When a company with a terrific long-term track record suffers a setback and the stock implodes, the pain can make you want to dump the stock and forget about it," the "Mad Money" host said. "But as we've seen from Apple, Nvidia, and McCormick, these moments of extreme weakness and desperation, they tend to be terrific buying opportunities. "
Those three companies looked like "roadkill" at the beginning of the year, but Cramer said the stocks have since recovered their losses.
Cramer often says that Apple, led by Tim Cook, is a stock that investors should buy and not sell, even if it gets difficult to hold the security. The stock price plummeted from $233 to $157 during the fourth-quarter bear market amid concerns about slowing iPhone sales, which account for more than half of the company's business, he said.
Since bottoming out in January, the stock has jumped 40%. Cramer said the fall and rise resembled a pullback to $93 in 2016. Apple's stock price, along with many other companies, should not have dropped so much at year-end and now the tech giant is taking strides to show that its focus on services and subscriptions will work out, the host said.
Furthermore, Cramer agrees with Morgan Stanley analyst Katy Huberty's assessment that investors should not underestimate Apple's jump into health care.
"Apple's more than a gadget maker and this idea's finally gaining traction," Cramer said. "Plus, even after this move, the stock's darned cheap. It sells for 15-times earnings. Hey, remember [what] Tim Cook said, he told us that his legacy would be health care."
Apple isn't the only company to bounce back from short-term pain. Previously one of the hottest stocks on the market, Nvidia collapsed to $124 in late December from its highs of about $292. Cramer said the plunge was prompted by the troubles that hit the cryptocurrency sector, which generated a lot of business for the chipmaker.
Nvidia makes semiconductors for many industries, including: gaming, data centers, cryptocurrency mining, and artificial intelligence. The stock was too expensive at $292, but Cramer said it was too cheap to ignore after the collapse. He added shares to his ActionAlertPlus.com charitable trust. It closed north of $191 on Monday.
"The world was ending. The company had some temporary problems that they're now working through, which is why the stock has caught fire again," Cramer said.
Outside of the technology industry, McCormick also fell rapidly during the fourth quarter sell-off. The seasoning producer's stock declined from $156 to $139 in December and again to $124 in January after disappointing earnings in January and tepid 2019 guidance, Cramer said.
Shares of McCormick later bottomed at $120 and have since climbed above $153.
"At this point, McCormick is trading like that disappointing quarter never happened ... And most of this rally happened on no real news," Cramer said. "McCormick was boosted by a broader rotation back into packaged food stocks, even though it doesn't have much of a dividend compared to the likes of General Mills or Mondelez. "
McCormick beat expectations in its earnings report two weeks ago, which helped to restore confidence in the company, the host said.
"We have seen the same pattern from Home Depot. We're seeing it from Nike right now, which I think is a serious buy. Dow Chemical last week," Cramer said. "Stocks that were left for dead and then came roaring back once people realized that they weren't dead."
Disclosure: Cramer's charitable trust owns shares of Apple, Nvidia, and Home Depot.