CNBC’s Jim CramerAfter the group was hard hit by Wall Street sector rotations, Monday’s investment strategy detailed a plan for cloud stock stocks.

It “Mad Money”Host and his team have compiled 50 cloud stocks, starting with heavyweights like SalesforceFor mature players, like OktaRecent IPOs like AppLovin UiPath. According to Friday’s closing, only one of the companies analyzed was lower than their highests by more then 10%. Cramer reported that 33% was the average decrease at that point.

Cramer stated that the sell-off in recent months is similar to a time period late 2018 which proved to be an excellent buying window for cloud companies. Cramer stressed however that the timeframe for this weakness is uncertain and there could be more pain.

Cramer stated that investors looking to capitalize on the fall should concentrate their efforts on companies with reasonable valuations.

“Eighteen out of the fifty names in our cloud database have single-digit prices to sales ratios…which I don’t have a problem with,” he stated. Cramer’s favorite Salesforce.com is included in this list, as it is owned and managed by my charitable trust. VMWare.”

Cramer suggested that New Relic is another stock worth considering. It makes software to help companies identify and fix bugs. He said that the stock was a story of turnaround prior to its late-year sale-off.

Cramer explained that “in short, if one wants to pick among the rubble from cheap cloud stocks then it is worth starting to buy very slowly on the way down.”  

Cramer stated that additional stocks seem to be reasonably priced when considering the 2023 sales forecasts. This is fair because “in a month 2023 will have been next year.” Cramer mentioned that Workday and Five9 are his favorites, while Twilio is “my favorite” of the eight.

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market. Disclosure: Cramer’s charitable trust has shares in Salesforce.