Jim Cramer Says Investors Shouldn’t Rush to Buy Stocks

Jim Cramer said wait until mid-afternoon to decide whether or not to buy stocks Wednesday. Cramer said midday margin calls could put pressure on stocks, so he advises waiting until after 2pm to see how the market performs before deciding whether to buy. Cramer also said Tuesday’s selloff astonished investors due to the ‘total lack of anything happening that provoked the decline.’ Cramer said while data from China was bad, it was in line with weaker expectations. Following Tuesday’s selloff, Cramer found opportunity in several retail names including Dollar Tree (DLTR), GameStop (GME), Best Buy (BBY), Walmart (WMT) and Target (TGT), which Cramer’s Action Alerts PLUS portfolio owns. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet

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