WINDERMERE, Fla. (Stockpickr) -- According to Jim Cramer, investors should be hunting for bargains on down days. On Wednesday's "Mad Money" TV show, he told viewers that the averages are telling us to fear the market, but the data is telling a different story. Cramer mentioned that the information coming out of individual companies such as Tractor Supply (TSCO) - Get Report and Bed Bath & Beyond (BBBY) - Get Report tells him that the recovery is still on track.
He told investors to ignore the headlines and the bearish action in the market and start looking for the bargains. Cramer cited a Goldman Sachs report that said regional banks such as
should see a boost in earnings once their high-priced certificates of deposit roll over. If this is true, then Cramer thinks these stocks are bargains.
Cramer also noted that a number of firms, including
, were upgraded recently because analysts think that their businesses are improving.
"So while the averages may tell you to sell," Cramer said, "the data's saying otherwise." He wants investors to trust the data, otherwise you could get burned!
Recently, Cramer found opportunity in 12 retail stocks, coal stocks and 3 stocks
can't stop. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
blog posts. (These blog posts might require a
: Cramer has found 10 bull markets, which include sectors such as retail and shipping. On
Monday's "Mad Money" TV show,
he said that the auto market is on fire. He told viewers that he liked parts maker
: Recently, Cramer highlighted his top 12 resurgent retail stocks, such as
. In a
special report on CNBC.com,
he wrote: "
J. Crew Group
is a top-notch, best-of-breed retailer that's firing on all cylinders." The
: Cramer sees opportunity in playing stocks tied to California, such as
he said investors can look at the big national banks, including
, which represent 23% and 21% of the state's consumer deposits, respectively. The
99 Cents Only Stores
: Cramer believes that three stocks are just too strong to be taken down by
. In an
he wrote: "
is a cult stock. This stock is loved, and the product is loved, and I cannot countenance selling it even at 31 times next year's earnings." The
Research In Motion
: Cramer thinks it's time to buy coal stocks such as
. In an
he wrote: "It pains me to write this, but I am beginning to believe the nation is going more coal than ever. That's the only take I can have about what's been going on of late." The
: Cramer doesn't want investors to worry too much, because it could hurt their profit potential in the markets. In an
he wrote: "What do you think was behind
being up $7 yesterday, besides that monster target boost? I will tell you. People were fretting that computers were slowing down because the consumer was too strapped. A 7-point move? That's the fretters covering from their ill-informed fretting." The
Vornado Realty Trust
-- Written by Roberto Pedone in Windermere, Fla.
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(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Apple, Johnson Controls and Costco for his Action Alerts PLUS charitable trust.)