In the next few years, these two stocks should make people some mad money, said Cramer, who would "buy them both."
Applause, Applause
If Cramer had come on the show seven weeks ago when the market was going down and advised people to take all their money out of stocks, he would have been "applauded by the media," Cramer said. But at the same time, he would have been "painfully wrong." "Instilling fear has always been seen as being the height of responsibility" in the market, Cramer said. However, instead of doing that, Cramer told people to buy stocks such as Kellogg (K Quote) and Coca-Cola (KO Quote). Then Cramer said it was OK to buy the banks, the second group to bottom. "The second bottom that I called is still happening," and this is the week in which the analysts will start upgrading these stocks, he said. What market players want to buy here is Goldman Sachs (GS Quote), which he owns for his charitable trust, Action Alerts PLUS, Cramer said. Although people might think he is "irresponsible this time around" for recommending Goldman Sachs, Cramer said he feels it is a "cheap, high-quality member of the financial group," which he expects to go higher. Further, he believes that "the stigma of credit cards is going to go away" and that Capital One Financial (COF Quote), which he also owns for his charitable trust, should go higher.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
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