Muhlenkamp said he looks for "good companies and, when prices get cheap, to buy them." The only way people can do this, he continued, is to find good companies others don't like, he noted.
One of the stocks his fund owns is Altria (MO Quote), an Action Alerts PLUS name, Muhlenkamp said. The money manger said he also believes Devon Energy (DVN Quote) and Cemex (CX Quote) are both stocks that have more room for upside.
Lightning Round
Cramer was bullish on Under Armour (UA Quote), VF Corp (VFC Quote), Apple (AAPL Quote), Masimo (MASI Quote), Stryker (SYK Quote), Genentech (symbol Quote), CVS Caremark (CVS Quote), Rite Aid (RAD Quote), Citigroup (C Quote), AK Steel (AKS Quote), Reliance Steel (RS Quote), Research In Motion (RIMM Quote), ConocoPhillips (COP Quote) and Exxon Mobil (XOM Quote). Cramer was bearish on Walgreen (WAG Quote), China Precision Steel (CPSL Quote), E Trade (ETFC Quote) and DivX (DIVX Quote). Want more Cramer? Check out Jim's rules and commandments for investing by clicking here. For more of Cramer's insights during the Lightning Round, click here.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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