NEW YORK (TheStreet) -- The stock market got off to a rough start this week. Not only has the broad market swoon knocked the life out of most tickers, several companies got hit on lackluster earnings reports.
My biggest concern: I am waiting for a couple of paychecks to clear. In fact, until they do, it would not bother me if the market continued to correct, drop, tank or even crash.
I fully understand that the prospects of these things scare many people. If you need your money soon and you're all-in, I understand your fear. When the day comes that I am two-to-five years out from needing cash from my nest egg, I will have tucked a more-than-sufficient portion of it under my proverbial mattress.
Names to Buy on WeaknessElectronic Arts (EA), Activision Blizzard (ATVI) and Zynga (ZNGA). That's right. I like all three stocks. If a space exists where multiple companies can not only co-exist but thrive, the gaming sector is it. Investors have bruised and battered each of these stocks. As of Tuesday's close, EA is down 44.6% from its 52-week high. ATVI is off 13.9%. And ZNGA took a 50.2% haircut. Hold on tight, but if I were to create a basket between these three stocks, I would allocate 50% in ZNGA and 25% each in EA and ATVI. Yes, overweight ZNGA. Before you start talking about "bubbles," "irrational exuberance" and "dot-com booms and busts," let me explain myself. 10 Stocks to 'Like' When Facebook Goes Public >> First and foremost, I am a long-term investor. When I buy a stock, I do so with a time horizon measured in several years, not days, weeks or even months. And I buy future potential. Zynga has the visionary in its CEO Marc Pincus. As I started to explain Monday on TheStreet, I invest in visionaries like Jeff Bezos, Mark Zuckerberg and Pincus. These guys started companies, created spaces, changed the world and continue to own the role of trailblazing pioneer. I will bet on an entrepreneur any day of the week over an MBA. (And I know Pincus has an MBA, but he's as much of an MBA as I am urban planner or heart surgeon).
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV