Jim Cramer on how to approach growth stocks after inflation worries shake up market
CNBC's Jim Cramer advised that market players have two ways to approach high-flying growth stocks that teetered and tottered their way through a volatile session on Wall Street Tuesday.
Investors can choose to join in on the sell-off that has dropped some tech names like Apple into negative trading territory this year.
The other choice — taking a cue from Federal Reserve Chair Jerome Powell's restated commitment to leave interest rates at low levels — is to hold on for the ride and consider loading up on worthy stocks discounted from their highs, Cramer said after the market closed mixed.
"After today's late afternoon rebound, it's not too late to sell the more egregiously expensive stocks if you want to," the "Mad Money" host said. "But as for the better growth stocks, down more than 10% from their highs, call me a buyer. Not all at once, not big, but a buyer nonetheless in any retest of that 9:47 a.m. low that we saw today."
Cramer's assessment of the current state of the market follows a roller-coaster trading day where …
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