9 winning stocks for a market dip

The best time to buy these shares is when they get hammered in a scripted retreat.

By Jim Cramer Jun 22, 2010 8:31AM

Jim CramerBy Jim Cramer, TheStreet

 

Time for the patented rollover? Did we rally and rally until everything got taken up too high and too much money came in?

 

Sure looks like it. Just like that, the bid is gone underneath, we are worried about the euro, the Chinese are still regarded as cheaters, oil went too high and we are worried about a weak economy, punctuated by the spill in the Gulf.

 

It's as if the whole move upward was based on nothing but an easing of the crisis and the soft landing in China -- and now we are back in the range. I expect oil to slip back to $70, the euro to go back to $1.20 against the dollar and gold to go higher as a sign of craziness and destruction.

 

Until earnings are reported.

I like the winners, the ones I have been featuring here and on the show. I like a deep-in-the-money call strategy for Chipotle (CMG), Apple (AAPL), Netflix (NFLX), Deckers (DECK), Intuitive Surgical (ISRG) (breaking to new highs, I believe), Express Scripts (ESRX) and Salesforce.com (CRM) -- and I would add NetApp (NTAP) and Akamai (AKAM). I would start buying them right into the weakness today.

Remember, these stocks get hammered hard, which is about the only time they let you in. You could see it in the rollover yesterday, particularly in Apple and Deckers. I expect them to get smashed after the run they have had.

 

It's the best time to buy them.

 

At the time of publication, Cramer was long Apple.

 

Jim Cramer is co-founder and chairman of TheStreet. He contributes daily market commentary for TheStreet's sites and serves as an adviser to the company's CEO.

 

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