The turbulent market is causing attractively valued stocks to take big hits, Jim Cramer said on CNBC's "Stop Trading!" segment Monday.
"I am so tempted to buy any tech if there could be one company that could say things aren't that bad," Cramer said. He believes Hewlett Packard (HPQ Quote), which he owns for his charitable trust, Action Alerts PLUS, is a buy, because tech stocks get a lot of their revenue from overseas, meaning the sector isn't as levered to the U.S. economic slowdown. The market is very difficult, however. "Every time I mention something, I'm killing people," Cramer said of stocks' continued declines. "Hewlett Packard is growing at 13% and is growing at 13 times earnings, and I can't find a soul to buy it." Outside the turbulent tech market, Cramer urged similar caution. "Crocs (CROX Quote) did have a really hot shoe for Christmas," Cramer acknowledged, but he doesn't believe the stock has much more room to go up, and to him it looks more like a "Heelys (HLYS Quote), not Nike (NKE Quote)." Finally, McDonald's (MCD Quote) still trumps Starbucks (SBUX Quote). "Anyone who's had it, [McDonald's] latte is really good. ... Not till $16 do we pull the trigger on Starbucks." Cramer believes McDonald's stock should not have gone down because of Wendy's (WEN Quote) poor fourth-quarter numbers, noting that big overseas business should shield McDonald's from a downturn.- Loading Comments...
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