Don't panic and sell
, Jim Cramer said Friday on
Stop Trading! segment.
Cramer said the stocks are getting hit hard on their mixed earnings reports, but he shrugged off the Caterpillar miss as a "pit stop" on a stock that's going from $80 to $120. He said the company has been hit by weakness in housing and in its supply chain, but cautioned that investors shouldn't jump out of a good long-term growth story.
Cramer said Google has become a "show-me stock" off Thursday evening's earnings shortfall, but he noted that its revenue growth remains strong.
as a takeout story, but wonders what's behind Friday's heavy call buying, aside from the flight to quality boosting consumer stocks amid the bear market in financial stocks.
At the time of publication, Cramer was long Caterpillar and Clorox.
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