CNBC’s Jim Cramer told investors not to fall for the downgrades or go public on Wall Street, reiterating his position that there is advantage in holding on to strong companies even if their stock prices fluctuate.
“When I look at the history of this incredible bull market — and it’s been an incredible bull market — it’s full of ‘buy to hold, hold to sell, buy to hold, hold to sell,’ he added. ‘These cuts scare you away from amazing stocks at levels that might be temporarily too high,’ he added. But she will recover later.” “If you listen to the cuts, you’ll never recover from them.”
Cramer said Monday he had a “ridiculously large number of sell-side cuts,” where… Dow Jones Industrial Average It decreased by 0.94% Standard & Poor’s 500 Precipitation 0.96% and Nasdaq Composite It decreased by 1.18%. He acknowledged that the session was bad, but said that paying too much attention to cuts can be bad for those who invest in the market for the long term.
Even though he admitted it Amazon Facing some hurdles, he disagreed with Wells Fargo’s stock cut. Megacap has faced hurdles before and rebounded again, he said, saying it’s only a matter of time before that happens. He noted that shares recovered after a significant decline at the beginning of August, when the company reported a loss of revenue.
Cramer also disagreed with Jefferies’ downgrade apple. While he said that the company may face some near-term headwinds with the release of the iPhone16, he claimed that the company has no record of launching sub-par products. He went on to say that the downgrade was “a bet against Apple’s entire culture of excellence.”
“Wall Street is addicted to trading,” Cramer said. “But if you’re managing your own money, you shouldn’t listen to all this trading advice. You can’t do what they want you to do because trading is a full-time job.”
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