TheStreet’s Jim Cramer is buying Dow Chemical (DOW) for the Action Alerts PLUS portfolio that he manages, saying it’s a real buy at these levels and the stock has a good yield. Cramer said this stock has been moving lower due to the drop in oil prices and that’s a mistake. Cramer also sees some potential opportunity in shares of Procter & Gamble (PG), saying if you can get the stock under $74 it’s a good buy. A viewer asked Cramer whether to buy more shares of Disney (DIS), and Cramer said if the company doesn’t hit a growth number for its ESPN unit, the stock will retreat further. But if you take a longer term view and buy Disney between $93 and $95, you’ll be fine, according to Cramer. The problem is, in the current market environment, many investors aren’t looking at stocks longer term. Cramer also commented on Visa (V), Rockwell Automation (ROK), Amazon (AMZN) and Skyworks (SWKS) while answer viewers’ questions from social media. You can send questions to his Facebook page, or find him on Twitter, and use hashtag Cramer Q.
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.