After a down day for the market, Cramer tells investors to have patience

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

After a down day for the market, CNBC’s Jim Cramer told investors to have patience.

a business service software company that now trades at over $486. During 2010's flash crash, the stock's price drifted in the 30s and 40s, according to FactSet. In the years since then, the stock has traded up and down before reaching the highs its been hitting the past few years.

Cramer stressed that sometimes good companies have hiccups, and that investors should try to ride out downtrends if they believe their companies will succeed. He added that investors would be wise to buy good companies into the dip instead of selling them. "I don't want you sacrificing huge potential gains like Intuit on the altar of perceived safety," he said."Because when you look back, trying to sidestep these relatively small declines tends to give you worse returns than simply staying the course and riding out that rainstorm."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here are the 11 stocks Jim Cramer is watching, including Tapestry, Brinker, UberHere are some of the tickers on my radar for Thursday, Aug. 17, taken directly from my reporter’s notebook.
Source: nbcsandiego - 🏆 524. / 51 Read more »

This company is the No. 1 software player in A.I. right now, says Jim CramerCramer’s comments Thursday come after Bank of America upgraded Adobe to buy.
Source: NBCDFW - 🏆 288. / 63 Read more »

These are the five stocks Jim Cramer would buy todayHere are the names Cramer would scoop up if he were just joining the Investing Club, or had come into some new money.
Source: CNBC - 🏆 12. / 72 Read more »