Jim Cramer's Stop Trading! Too Much Pain

The beating in certain tech names has gone on too long, and the stocks could be buys, Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday.

In particular, Marvell(MRVL Quote) and Silicon Labs(SLAB Quote) "are part of the cancer that's causing all multiples to contract. I think the contraction is overdone."

Cramer also named Regal Entertainment(RGC Quote) as a possible port in the market's storm. "They are forecasting very low growth, and meanwhile everyone's going to the movies," Cramer said. "They may actually be able to guide higher."

Looking at the broader market's malaise, Cramer said Tuesday's selloff reflects disappointment with Wal-Mart(WMT Quote), which issued disappointing sales guidance over the weekend.

"We'd all come to believe the turn had come," Cramer said. "It looks like even though they've cleaned up the stores, people aren't spending." Cramer said he'd have a close eye on how Target(TGT Quote) fares in the same-store sales update.

Finally, Cramer said he remains bullish on General Motors(GM Quote), whose biggest positives are that it has "raised a lot of cash" and now has Jerry York on its board.