Buy these ‘bargain basement stocks’ now before omicron fears pass

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CNBC’s Jim Cramer said Wednesday investors should start to nibble on some beaten-down stocks after the market slid following news of the first case of the Covid omicron variant in the U.S.

“For days I’ve told you we were waiting for the other shoe to drop and it just hit today, but, in this market, a shoe doesn’t drop in a day,” the “Mad Money” host said, explaining he believes coronavirus worries will take a bite out of the major U.S. equity averages again.

“If you wait too long to buy these bargain-basement stocks and omicron becomes nothing more than a running nose for the vaccinated — even as the unvaccinated exercise their God-given right to hospitalization and death — I think you’ll look back and kick yourself for missing some of these obvious buying opportunities,” Cramer said.

Here are four stocks owned by Cramer’s charitable trust that he believes long-term investors should look at buying at these levels.

Disney

PayPal

Mastercard

Wynn Resorts



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