CNBC's Jim Cramer on Thursday said that while investors should tread carefully as the stock market continues to be stormy, they also shouldn't be afraid to make moves to strengthen their portfolios.
"We are very worried about the wealth destruction, for instance, in crypto. We hang our heads on the once-great FAANG stocks. But we can never stop looking for opportunity," the"Mad Money" host said. CNBC's Jim Cramer on Thursday said that while investors should tread carefully as the stock market continues to be stormy, they also shouldn't be afraid to make moves to strengthen their portfolios.
"We want to be very careful to buy stocks with stories that can handle a slowdown. … A good portfolio manager never sells his winners to fund his losers, even if it's embarrassing. You've got to give the losers the boot," the"The Dow Jones Industrial Average fell 0.33% on Thursday while the S&P 500 dropped 0.13%. The tech-heavy Nasdaq Composite inched up 0.06%.