Cramer's 'Mad Money' Recap: Allergan Wrinkle-Free

Stock quotes in this article: MA , COF , AGN , LOW , PLT , MA  

Although we have seen some selling, market-players should look to buy stocks that have some good news and are a little expensive, Jim Cramer told viewers of his "Mad Money" TV show Tuesday.

Allergan (AGN Quote), "the one-stop-shop arsenal when it comes to anything cosmetic-surgery-related," is a stock that fits both criteria and should be bought, Cramer said.

Even though $100 stocks seem to scare people off, Cramer stressed that there is nothing to fear here.

Allergan, which owns Botox and Juviderm, finally scored the final component needed to make people look good -- breast implants -- Cramer said. Implants, along with the desire for smooth and clear skin, created a triple play for Allergan, and the stock shot up to $120.

However, when Allergan reached $122, "people thought it was too expensive, and on Black Monday we had the major selloff," Cramer said. "It was as if everyone had forgotten about" the implants.

Now Allergan, which "feeds off the physical insecurities of a nation," is "one great investment," he said, adding that there's no better time to buy it than now.

However, Cramer cautioned viewers to buy Allergan slowly because he's not sure if the recent selloff is over. If someone wanted to buy 25,000 shares of Allergan, Cramer suggested buying 5,000 at a time -- or even 1,000 -- every time the stock price goes down 25 cents.

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