Many traders might be dealing with frayed nerves ahead of next week's meeting of central bank policymakers, but Jim Cramer said on CNBC's "Stop Trading!" segment Tuesday that he isn't overly stressed.
"I actually like the tape here heading into the
," he said.
A big two-day rally last week removed a bit of the sting of the multiweek downturn that preceded it, but the market remains "incredibly oversold," Cramer said.
Regarding individual names,
is cheap and business is good, and
shouldn't be stuck below $20 a share, he said.
, Cramer said, should be getting more of a bid on the news of its deal to set up drive-throughs at gas stations throughout China, but the upside is being limited because "we've got a real yawner of a market here."
Another stock Cramer likes is
, the cereal maker he called a "quality franchise with a nice yield."
is another company Cramer said was being mispriced. Morgan, he said, is "cheap, cheap, cheap, and I wouldn't sell it here ahead of the quarter."
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