It's been a wild week on Wall Street. U.S. Stocks Poised for Strongest Gains in Six Months as Global Markets Rebound.
TheStreet's Anuz Thapa talked to senior editors to find out how they would play the market as stockholders faced the biggest global selloff since February.
The technology selloff has been swift and brutal, Jim Cramer admitted to his Mad Money viewers. He said there are three reasons why tech is getting hit especially hard. First, it's October, the time money managers typically lock in gains on their biggest winners. Second, investors are now worried about inflation, and inflation means the future earnings of growth stocks are worth less. Finally, Cramer said the bundling of tech stocks into ETFs means all tech stocks trade together, even if they shouldn't.
There is hope, however. Cramer identified seven stocks he said are so far in the red, they're worth buying on continued weakness. Those stocks were Autodesk (ADSK - Get Report) , IDEXX Laboratories (IDXX) , Amazon (AMZN) , Expedia (EXPE) , Intuit (INTU) , and others.
Why these companies and what to do next? Read Behind the Selloff: Cramer's 'Mad Money' Recap (Thursday 10/11/18)
The team over at Action Alerts Plus, Cramer's members only club, also offer up some advice. Zev Fima, AAP's portfolio analyst says "A market like this can really test your conviction but if you've done your homework and you see that there has been no change to the company specific fundamentals, then therein lies the opportunity," said Zev Fima, Plus. "Everyone wants a correction until they get one, well here it is and now is not the time to let emotion get in the way." See there latest story here: Market Futures Point to a Strong Open Friday
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We'll be talking markets and so much more at Jim Cramer's teach-in on Saturday, Oct. 13 Cramer will also be taking a deep dive into cannabis. Bill Newlands, the COO of Constellation Brands (STZ) and Canopy Growth(CGC) CEO Bruce Linton as well. Click here for a sneak peak: Jim Cramer's Talking Cannabis and FAANG at the October 13 Teach-In.