Use today's Turkey-induced selloff to do some buying, Jim Cramer told his Mad Money viewers Monday. The markets will continue to fret over tariffs, trade, and now Turkey, but that doesn't mean there aren't great stocks worth buying.
Cramer started off by explaining that despite what you may have heard today, the financial crisis in Turkey is just that, a problem for those who hold Turkish securities. It's not a systemic crisis like we saw in 2008. Older investors may remember a similar Turkish panic in 1993, when the country devalued its currency by 40% in a single month. This problem, Cramer said, is similar to that problem.
So with the financial crash scenario off the table, what would investors be buying into weakness?
Cramer listed off several sectors, including technology, where he liked Alphabet (GOOGL) and Amazon (AMZN) . He also endorsed healthcare with stocks like Unitedhealth Group (UNH) and Centene (CNC) . Domestic retail also made the list, with names like Burlington Stores (BURL) , Kohl's (KSS) and Ralph Lauren (RL) .
Cramer was also bullish on medical devices, think Abbott Labs (ABT) , Baxter International (BAX) and Intuitive Surgical (ISRG) , along with domestic cable and telco, withe names like T-Mobile US (TMUS) and Verizon (VZ) .
Still other sectors on the list included the rails, cybersecurity, financial tech and even gaming with Take-Two Interactive (TTWO) . Cramer said any of these are high-quality names now being offered at discounted prices.
Over on Real Money, Cramer has some more strong names to pick up on market weakness. Get more of his insights with a free trial subscription to Real Money.
Executive Decision: Brink's Co.
For his "Executive Decision" segment, Cramer sat down with Doug Pertz, president and CEO of Brink's Co. (BCO) , the 160-year-old cash management company. Brink's announced the acquisition of rival Dunbar in May, a deal which closed today.
Pertz said that both Brink's and Dunbar have a great reputation in the cash management business and have been around for generations. The new combined company will be the largest in the country and Brink's expects to see between $40 to $45 million in cost synergies between the two entities.
Beyond the merger, Pertz said despite the hype surrounding cashless payments and online payments, the cash business continues grow faster than the rate of GDP. Brink's has been seeing 30% growth for the past six quarters in a row and the company continues to focus and put new strategies in place to help maintain that growth rate into the future.
Cramer said he remains a big fan of Brink's.
Cramer and the AAP team are looking to raise cash to be ready for the next buying opportunity. Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Travel Stocks Diverge
This is a stock picker's market, Cramer reminded viewers, and that means when two companies in the same business have varying results, their stocks head in different directions. Case in point: the online travel stocks of Expedia (EXPE) and Booking (BKNG) , formerly Priceline.
When these two travel giants last reported, Expedia delivered a fabulous quarter with better-than-expected results. Booking shares however, have fallen 9% since it reported last week and shares are off 17% from their March highs.
Cramer explained that a few quarters ago, Booking announced that it was shifting marketing dollars away from online ads (think Google) and toward more television ads. The plan was intended to have a short-term hit to growth, but with long-term benefits. But then came trade wars and a stronger dollar, and investors have yet to see those long-term gains. In fact, on the company's latest conference call, management blamed the World Cup, of all things, for a decrease in travel.
Cramer said he'd avoid Booking and stick with best-of-breed Expedia, which trades for 21 times earnings, but is worth every penny.
Why Dropbox Dropped
During the heart of earnings season, one of the biggest mistakes investors can make is assuming that a stock's trajectory has anything to do with its fundamentals. That was certainly the case with Dropbox (DBX) , which saw its shares plunge over 6% after the company reported last week.
Cramer explained the problem with Dropbox wasn't its five-cents-a-share earnings beat, nor its 27% increase in sales or its expanding gross margins or its phenomenal increased in paid users. The problem, he said, was simply a matter of expectations being too high.
In the days leading up to earnings, momentum investors were piling on, sending shares up 15% prior the release. With expectations that high, it would have been impossible for Dropbox to impress, Cramer said, which is why the so-called "hot money" headed for the exits as soon as the earnings were released.
The stock's recent plunge also coincided with an insider lockup expiration, which will be coming in the next two weeks. Cramer said he'd use that weakness to begin building a position in this great cloud stock with growth to spare.
In his "No-Huddle Offense" segment, Cramer said that Apple (AAPL) may not be the only company in the $1 trillion club for long, as Amazon is close behind.
Cramer said that unlike Apple, which has to worry about tariffs and trade and possibly even Chinese boycotts, Amazon gives investors three ways to win.
Amazon is always the clear winner in retail, with over 100 million prime members, but it's the winner in cloud and also advertising, the latter of which could add $150 billion to the company's valuation.
If you add up all of the pieces, Cramer said there's a case to be made that Amazon could be worth $1.5 trillion before long.
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