CNBC's gave investors his top sectors and stocks to watch following Tuesday's weaker-than-expected Chinese economic data.
The Dow Jones Industrial Average slid as concerns over China's economy began to mount. The country's July broadly missed expectations, and the National Bureau of Statistics' report did not include youth unemployment numbers.
Cramer recommended investors consider infrastructure stocks because the U.S. government is investing heavily in that sector, signaling out equipment manufacturer and steelmaker . He also highlighted players and as potential beneficiaries of aircraft shortages and the continuing tourism boom. Cramer also recommended drug stocks like , homebuilding stocks and as well as tech giants like .
"You can apply your cash lightly here, then buy more as we go lower to these themes, because these situations tend to last for more than a day or two, and the themes last for ages," Cramer said. "So, be prepared for pain, just know that the pain is a buying opportunity as long as you know what to buy and you can buy slowly, in stages, on the way down."
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