Jim Cramer, Host of Mad Money, yesterday presented a list of hard-hit stocks that he thinks are cheap enough to buy.
Cramer has presented the stocks that are down by more than 50% from their highs and are trading less than 50 times earnings. There are 89 firms that meet the Cramer’s criteria.
Cramer said, “In other words, we want huge discounts, but we also want quality companies that are actually profitable, meaning their stocks got cheaper as they went lower. After this seemingly non-stop pummeling, we finally have a bunch of stocks that are cheap enough to buy.”
The companies that are worth $10 billion or more than $10 billion that meet Cramer’s criteria are: Moderna, Biogen, Zoom Video, ViacomCBS, Etsy, Discovery, Pinterest, Enphase, Twitter, Clarivate and Rocket Companies.
Cramer said he likes Enphase in the solar industry and Etsy as a play on e-commerce. He said, “I think those are actually buys.”
He added, “Twitter is really interesting and Pinterest may be a buy but it needs some time.”
