CNBC's Jim Cramer said companies that perpetually generate"self-help" are poised to do well in this market.
He pointed to Chipotle as an example of one of these companies, saying the fast food chain managed sales growth even though it raised prices.In other words, they find ways to grow and perform well despite what might be happening in the broader economy."When we're looking for reasons to buy a stock in this environment, we want companies that generate constant self-help.
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyWednesday evening and greatly exceeded Wall Street's expectations. Chipotle said its traffic increased and sales grew even though it raised prices. By Thursday's close, the company's shares were up more than 6%. Cramer added that the burrito maker's success may also be due to demand — the company has what consumers want, he said.
This kind of"self-help" may be the"antidote" to the big-picture worries weighing on the market, Cramer said. He added that it's especially important to look for companies with strategies like Chipotle because factors like increased interest in the bond market will likely continue to hurt equities. But according to Cramer, this challenging environment is not a reason to give up on the market altogether.
"It takes a special kind of stock to do well when the economy's slowing while inflation just won't quit," he said.Cramer's Lightning Round: Cloudflare is a buy
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