On Thursday's "Stop Trading!" segment on CNBC, Jim Cramer focused on companies that reported strong quarters and have also pulled back, such as Colgate (CL) - Get Free Report and Clorox (CLX) - Get Free Report.
on "Stop Trading" earlier this week, and the stock had quickly shot up 10 points. "I didn't want to see that," he said. "When you have a stock that jumps like that, you're going to attract shorts. That's not what I wanted."
"You have to go back and look at the places that reported great quarters," he said.
Next Cramer addressed his "juicy trade," which includes
. "As we pull back," he said, he is looking for "what to buy as opposed to panic sell," and these two companies fit the bill.
At the time of publication, Cramer had no positions in stocks mentioned.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click
here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click
here to order his book, "Real Money: Sane Investing in an Insane World," click
here to get his second book, "You Got Screwed!" and click
here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by
TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.