We're buying more of this tech name and eyeing 6 more stocks as the market drops

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Wells Fargo & Co Notícia

Dover Corp,Dupont De Nemours Inc,Meta Platforms Inc

Along with a few big tech names, we a like a couple industrials and a bank stock.

We are buying 30 shares of Palo Alto Networks at roughly $302.37. Following the trade, Jim Cramer's Charitable Trust will own 260 shares of PANW, increasing its weighting to 2.46% from 2.18%. As stocks fall Friday on concerns about economic growth after another weak jobs report, we are dipping into our recently beefed-up cash position to take advantage of the dip. Volatility may feel scary, but it can also be your friend if you stay disciplined.

Stocks may be falling across the board on economic growth concerns, but these management teams just signaled how great their businesses are performing. That likely didn't change over the past few days. We like DuPont for its ongoing electronics recovery and the end of the destocking in its water business. Both were key reasons why second quarter profits came in better than expected and management lifted its full-year outlook.

 

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