TheStreet's Jim Cramer says keep an eye this week on speeches by Federal Reserve presidents, because they may create a downdraft in the market, which would give investors an opportunity to buy their favorite stocks. If stocks retreat, Cramer recommends buying names like Edwards Lifesciences (EW) , Facebook (FB) , and Alphabet (GOOG) . Cramer noted Facebook was downgraded today, which also provides an opportunity to buy. He said if the dollar stays weak, investors will regret not buying stocks on a dip. Cramer is portfolio manager of the Action Alerts PLUS charitable trust. Minneapolis Fed President Neel Kashkari and Boston Fed President Eric Rosengren speak on Monday, and several other Fed Presidents speak later in the week.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
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.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.