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CNBC’s Jim Cramer on Thursday offered advice about how to find the right time to buy great stocks at a discount. He said it’s important for investors to distinguish between stocks that are on the decline for legitimate reasons and ones that are seeing losses due to misperceptions.
“The great ones never come cheap. But…they can be cheaper from where they were,” he said. “Sometimes all you can hope for is get a chance to buy a stock of a terrific company at a discount when the market is at an all-time high.”
According to Cramer, there are some on Wall Street who believe there’s never a good time to buy high-quality stocks. But he said he disagrees and named four companies that he thinks can be bought right now at lower levels: Costco
, Home Depot
