May 17, 2022

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CNBC’s Jim Cramer says the four GARP stocks are investable

CNBC's Jim Cramer says the four GARP stocks are investable

CNBC’s Jim Kramer on Tuesday presented a list of four investable financial stocks he believes will benefit from… Federal Reserve Raise interest rates to control rising inflation.

“Growth at any price has been obsolete in the Wall Street fashion show for nearly six months, as we’ve seen again today. Now, what this market wants is very different. GARP wants: growth at a reasonable price,”mad money‘ said the host.

“I think it’s a good time to pay some attention to under-appreciated money with the allure of GARP. … We don’t invest in hope, we invest in possibilities, and the odds of winning with growth at a reasonable price rarely look so good,” he added later.

S&P 500 . Index Tuesday It is down 0.34% while the Nasdaq Composite is down 0.30%. The Dow Jones Industrial Average was down 0.26%.

Cramer chose four financial stocks that investors should consider buying from the same list he used for his selection Six favorite stocks of travel and entertainment on Monday. He came up with the list by running screens on S&P 500-listed companies, leaving him with companies with reasonable valuation and earnings growth.

Here is a list of four stocks that passed the test:

  1. signature bank
  2. State Street
  3. Bank of New York Mellon
  4. Charles Schwab

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