Stock-Shoppers Paradise: Trade-Induced Market Selloff Could Mean Opportunity

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When markets sell off on big, scary breaking news, there are usually some stocks that are easy buys.

Enter Monday.

On this day, Chinese officials announced they were devaluing the Yuan, causing the currency to fall to its lowest level against the dollar in 10 years. This was designed to make the country's exports more attractive to buyers, as President Trump had threatened Thursday to tariff Chinese imports to the U.S. by an additional 10% to 25%. The Chinese decision signaled to the U.S. market that a trade resolution is quite far away. 

The Dow Jones Industrial Average fell by more than 700 points Monday. 

But services and software tech stocks that shouldn't be very impacted -- and certainly not directly impacted -- have been tanking in the past five days, and could be oversold. Here's a list of such stocks, and there trailing five-day moves. 

"After today {Monday}, you'll look at stocks and you'll come home and say, 'wow, I can't believe that stock got to this level'," Jim Cramer said Monday morning, in reference to oversold stocks in the face of the market selloff. Cramer also said, "I'm looking at IBM because of a catalyst." 

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