Here are 5 stocks that are buys right here, right now

Let's say you just joined the Club, and you are trying to figure out which stocks we think are buyable right now, right here.

JimMin JimMin
May 31, 2024 - 21:06
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Here are 5 stocks that are buys right here, right now

CNBC Investing Club with Jim Cramer

Rob Kim | NBCUniversal

Let's say you just joined the Club, and you are trying to figure out which stocks we think are buyable right now, right here. Ideally, what I would like members to be thinking about is a companion portfolio of up to a dozen stocks to a market index fund position — something we recommend for investors just starting to manage their own money. Your own portfolio. Curated by us. Selected by you. More than 12 names, unless you're a stock junkie like me, might be too hard to stay on top. Remember, buy and homework is my motto, not buy and hold and forget about it.

The question is: Which stocks would I buy right now? There are some in our 33-company portfolio that are just too high to recommend — and some, because of changes in circumstances are just too low, correctly low, and going lower like Salesforce after Wednesday evening's quarter. We have a tough market. But I see stocks that are calling to me and saying it's a good level to start. Not a single stock should be bought all at once. That's a fool's errand in a market that has developed a downward bias as we wrap up the month.