Your job is to sit tight and find high-quality stocks to stick with for as long as the underlying business stays strong, Jim Cramer says.
. The current benchmark rate stands at 2.25% to 2.5%. Fed Chair Jerome Powell initially planned to continue raising rates in 2019, but shifted his outlook in the months following a rate hike last December that induced a brutal market-wide sell-off.
"When this kind of rotation gives you a pullback in a group like the 'Cloud Kings,' that's a long-term buying opportunity," Cramer said. "Just remember that you can afford to take your time ... [because] I don't think" the rotation has ended.Questions for Cramer?
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer: 'Better-than-feared' Apple earnings may be enough to pop the stock and overall market'People really feared this earnings period,' CNBC's Jim Cramer says. 'It turns out that that fear was not justified.'
Read more »
The charts show Amazon's stock can break through record highs: CramerAfter the stock's recent pullback, investors could be getting a rare buying opportunity in Amazon, Jim Cramer explains.
Read more »
Cramer: Chipotle, which has nearly doubled this year, still has a 'big runway'Chipotle, up 85% this year, was initiated as a buy with a $1000 price target.
Read more »
Cramer: 'Better-than-feared' Apple earnings may be enough to pop the stock and overall market'People really feared this earnings period,' CNBC's Jim Cramer says. 'It turns out that that fear was not justified.'
Read more »
These stocks are winners when the Fed decides to start cutting ratesFor investors looking to play the anticipated rate cut, here are the sectors that have done well in the past when the Federal Reserve embarked on easing cycles.
Read more »
Buy these stocks since US consumer is 'best bet in the market right now,' says expertConsumer stocks like McDonald's, Starbucks and Chipotle are hovering around all-time highs after reporting better-than-expected earnings. Federated Investors' Steven Chiavarone says there's more room for them to run.
Read more »