RealMoney Radio: Buyback Bliss

Cramer says this is the time to get a piece of a company that's hanging in with the market.
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Whenever there is a decline in the market, two types of sellers emerge, Cramer told listeners of his

"RealMoney" radio show Thursday.

There are the panicked sellers who need to raise cash. The market is full of these types of sellers right now, Cramer said.

The second type of seller is the company itself, which is issuing the stock you may be buying, he said.

Five companies that are currently buying back their own stock are

Bank of America

(BAC) - Get Report

,

Citigroup

(C) - Get Report

,

Wells Fargo

(WFC) - Get Report

,

Pepsi

(PEP) - Get Report

Sears Holdings

(SHLD)

, which Cramer owns for his charitable trust

Action Alerts PLUS, and

3M

(MMM) - Get Report

.

These companies are hanging in, Cramer said. If you are looking for shelter, look into companies that are buying back their own stock. If you've got cash, this is a great opportunity, he said. And remember panic is not a good thing, he said. It is not a way to make money in the short or long term.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

At the time of publication, Cramer was long Sears.

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

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