TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said the Brexit selloff isn't deep enough to start buying stocks. 'We're only back to where we were 35 days ago,' Cramer said. 'That's not attractive enough.' Cramer said there aren't many stocks he wants to buy. While he likes the semiconductors stocks, he said they are levered to the auto sector and consumer spending, which could take a bit of a hit. Cramer said he'd like to see more of a panic before he recommends buying stocks.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.