Did You Miss This Stock Sale?

The macro picture of the global markets has caused a smokescreen, Cramer said Thursday, that is clouding the micro performance of American companies. Just compare the sell-off we saw Tuesday with the rally that stocks enjoyed today.

Remember Tuesday? That was the day Ireland’s economic woes, concern over China tightening interest rates and—if you can believe it—oil’s decline took down the Dow for 178 points. Beyond just the fact that lower gas prices are actually good for consumers, think about this: What do these events have to do with the earnings of Apple , Google or Target ?

The answer is, largely nothing. Maybe pennies per share at most depending on the issue. Sure, cotton prices might weigh on a retailer, but Ireland’s troubles will not. Nor does a company like Limited , which just reported a terrific quarter, care about Chinese interest rates. And lower gas prices? Doesn’t that mean consumers then have more money in their pockets to spend at these stores?

Cramer wasn’t brushing aside all macro issues. He still worries about what exactly a new US tax bill will look like. He hates seeing the dollar rise too much because a weaker greenback helps American companies who do business overseas. And he wants interest rates to remain low so as to continue stabilizing the housing market.

But at the same time, investors have to be careful to not let unrelated events scare them away from stocks. Because they end up missing the moves we saw in Apple, Google, Target and a host of others, which snapped back from Tuesday’s losses to finish Thursday much higher.

Cramer’s recommended strategy going forward? Consider his F.A.D.S. C.A.N. stocks on the days when the smokescreen is hurting share prices. Look at their performance this week: F5 Networks up $5 to $120 between Tuesday and Thursday. Apple climbing to $309 from $300. Deckers regained $4.50 to close at $64.50. Amazon went to $164 from $157. Netflix to $169 from $165. And Salesforce.com soared about $17 to $126. The only one from the group that Cramer left out was Chipotle , which caught a downgrade on Thursday. But it’s one that he disagreed with wholeheartedly, so he sees the pullback as a chance to buy CMG.

“Mad Money’s really about … giving you a shopping list of stocks,” Cramer said, “so you can wait until the stock-market store throws a sale, courtesy of an Irish bailout or a Portuguese bank run, or the horror of lower gasoline prices, of all things. And when the sale comes, we go to the store.”

When this story published, Cramer’s charitable trust owned Apple.

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