Investors should take note of the downgrades analysts made on a collection of stocks, CNBC's Jim Cramer said Monday.
"You know my mantra: bulls make money, bears make money, but hogs ... they get slaughtered," the "Mad Money" host said."I don't want to be too greedy and that rule has never gotten me in trouble, so we need to take these calls seriously. We always should focus on downgrades. They can be very meaningful."
"Short term, I think Tusa could be right about this stock," Cramer said."But if Culp can engineer another brilliant sale like he did by offloading the life sciences business to Danaher, his old employer, for $21.4 billion, you might want to be a buyer ... Long term, I'm betting on Culp."
Dip buys confirmed. Thanks jimcramer
Nice try Jim! Only fools would follow WS Analysts recommendation, especially you. MadMoneyOnCNBC
*nods* Some 22 or 23-year-old kid that got a 3.5 or above in accounting did some cash flow analysis based on a lot of assumptions. Yeah, sure, you have my attention; really, I'm all ears. *shrug*
So they want to accumulate 🤔
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