Although U.S. stocks ended off their worst levels Wednesday, all three averages tumbled heavily at the open amid lingering concerns over Europe’s sovereign debt crisis.
“Panic is the natural reaction to the sell-offs that grip us each morning,” said Jim Cramer on CNBC’s “Mad Money.” “But I need you to check that feeling of fear and do one of two very unnatural things: either sit tight and wait for a better moment to sell, or actually, yes, do some buying.”
The reasons for Wednesday’s sell-off aren’t likely to go away anytime soon, Cramer continued. Investors can, however, immunize themselves against panic by preparing themselves for a pullback. After all, a widespread sell-off often allows investors to buy quality stocks at discount.
In fact, Cramer recently put together a list of quality growth stocks that rarely come down, but should be bought if the market declines by 5 to 8 percent.
So, who made the list?
Read on for Cramer’s Ultimate Growth Stocks.
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