Companies that reported solid earnings are getting unfairly clocked in the current market and are starting to look like buys, Jim Cramer said on
"Stop Trading!" segment Monday.
fall into this category.
"Baker Hughes reported the single best quarter of any of the drillers, and they have just taken a stick of dynamite to that," Cramer said. "It's probably a good time to start buying that."
Another attractive stock is
. "They had a great quarter, and now it's pulled back three bucks," Cramer said, adding that recent mergers in the financial sector also bode well. "A lot of consolidation in the New York banking area has historically meant a lot more business for Commerce."
Cramer also praised
. "I like to use that stock as a great way to play China," Cramer said. While its last dip would have been an opportune time to buy, a recent pullback could also mean it's a bargain.
Regarding the selloff in commodities, Cramer said, "A lot of people, daytraders I would call them, just got caught and feel like they have to exit now." The same is true for momentum players who try to "buy high and sell higher."
"This is day one of a brutal selloff. You can't buy on day one."
At the time of publication, Cramer was long Commerce Bancorp.
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