CNBC's Jim Cramer on Thursday reaffirmed his faith in the"Magnificent Seven" tech stocks, saying investors who sold these companies after recent dips may now be regretful.
"Days like today remind you that you can't panic and flee from the entire asset class just because everybody else is doing it," he said." mega-cap tech stocks stood out during earnings season, even though they took a hit as investors fretted over an unsettled bond market. But many of the stocks have since recovered from post-earnings declines, Cramer noted, perhaps leaving some sellers full of regret.
"Days like today remind you that you can't panic and flee from the entire asset class just because everybody else is doing it. Even if you want out, which isn't necessarily the right thing, you'll probably get a better opportunity when the crowd is done hitting the pavement," Cramer said."And that's especially true for the high-quality stocks that we call the Magnificent Seven.
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