CNBC’s Jim Cramer on Wednesday urged investors to pounce on stocks that pull back due to Wall Street’s concern about the Covid delta variant and its potential to inhibit economic growth.
The “Mad Money” host’s comments came after all three major U.S. equity indexes closed in the red for the second-straight session. Only one of the S&P 500‘s 11 sectors, consumer discretionary, finished in positive territory Wednesday, advancing 0.15%. Energy was the biggest laggard, declining 2.4%.
“This is day two of a larger sell-off. All I ask is that as the market gets more hideous, you get more interest in buying something,” Cramer said, suggesting Disney as one potential option for investors who believe the U.S. will soon turn the corner on the delta variant.
“Like every other sell-off that’s tried to decapitate the bull and bring you its head on a silver platter, this pullback won’t let you make a ton of money immediately,” he added. “But I think…