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Cramer said the news of a North Korean nuclear test was far from reassuring but that shouldn't induce a global panic. After all, ADP (ADP) reported strong employment here at home and our defense contractors, among the best in the world, continue to roar higher as tensions mount.
With stocks like Apple (AAPL) , a stock Cramer owns for his charitable trust, Action Alerts PLUS, reporting record app store sales and Netflix (NFLX) reporting increased binge watching, there's still lots to like about stocks, Cramer continued. Even Macy's (M) , which pre-announced a weak number, was able to end the day with a 3.7% rally.
So while the hedge funds and money managers may be selling, that doesn't mean you should. Be patient, Cramer concluded, and consider doing some buying while stocks are on the way down.
Continuing with his 2015 year in review, Cramer looked at the best-performing stocks in the Nasdaq to see what's still worth buying. Four of the top five Nasdaq names were covered in Tuesday's show because they are also included in the S&P 500 -- Netflix, Amazon (AMZN) , Activision Blizzard (ATVI) and Nvidia (NVDA) . As for number five, the Chinese Ctrip (CTRP) , Cramer said "no thanks."
But further down the Nasdaq list were some real gems, he noted, including Starbucks (SBUX) and Alphabet (GOOGL) , both Action Alerts PLUS positions, Electronic Arts (EA) , biotech Incyte (INCY) , Cramer fave Ulta Salon (ULTA) , Expedia (EXPE) and T-Mobile US (TMUS) .
Cramer said only Electronic Arts raised red flags and he still prefers rival Activision Blizzard. The rest remain attractive and will all head higher in 2016, albeit probably by not as much as they did last year in 2015. He advised waiting for the next market pullback, then do some buying.