Wall Street was hammered for a fifth-straight session on Tuesday, prompting “Mad Money” host Jim Cramer to recommend investors buy select high-growth stocks.
“These are all stocks that you can safely buy into this pullback as long as you use wide scales on the way down, because their long-term stories are so powerful that you now they'll still be alive and kicking with plenty of juice whenever the dust settles,” Cramer said, referring to Apple and Starbucks as examples.
Chipotle Mexican Grill is yet another stock that can be added to Cramer’s “Ultimate Growth Portfolio for 2012.” Since the beginning of the year, the restaurant chain operator’s stock has been skyrocketing. It had been very difficult to get this stock at discount, but investors now have an opportunity to buy the stock at a slight discount thanks to the recent sell-off. As mentioned earlier, he wouldn’t buy all at once, though. He suggests buying just a few shares at a time as the stock falls with the greater market.
So what’s to like about Chipotle? Cramer went through his 10-point system for evaluating high-growth plays.Page 1 of 3 | Next Page