Usually the way to trade GameStop is by buying it in the summer, but with it currently at $56.61, the stock has pulled back enough to make it a "BuyBuyBuy" right now. GameStop has more than doubled in the past year, but people haven't missed the opportunity in this one yet, Cramer said.
Psychiatric Solutions for Portfolio
In a market as nutty as this one, people should invest in stocks with growth stories, Cramer said. Psychiatric Solutions (PSYS Quote), the largest provider of psychiatric services, has everything market players need to feel secure about this market, he said. It has absolutely no relation to anything subprime. "It is just a solid, consistent medical services provider," Cramer said. Plus, its business has secular growth, which means it is immune from the economy. One in five people have a mental illness, he continued. This means there is a large number of people that might, at some time or other, want to take advantage of Psychiatric Solutions' services. In addition, as Congress is trying to increase coverage for mental health, Psychiatric Solutions is a great stock to own going into the election season, Cramer said. It is also in an industry that is "ripe for consolidation."- Loading Comments...
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