CNBC's Jim Cramer on Tuesday told investors they should focus on finding companies with solid products and long-term potential instead of concerning themselves too much with day-to-day fluctuations.
Cramer gave two case studies of companies he sees as long-term success stories: semiconductor manufacturer Nvidia and drug maker Eli Lilly.on Tuesday advised investors to focus on finding companies with solid products and long-term potential when trading on the market. According to Cramer, day-to-day stock movements can be confusing and sometimes hold little weight. When you invest in an individual company with commodities that can turn a profit in different economic settings, you're more likely to see success, he said.
"Put simply, most people don't trust the market anymore. They don't trust CEOs. They don't trust individual companies. There is endless skepticism and little sincere belief," Cramer said. "A lot of it comes down to the fact that the day-to-day action rarely makes much sense — so much trading, so much trying to game things, stocks going up or down for reasons that have nothing to do with the underlying companies.
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