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Jim Cramer: Don't Get Caught Up In Downgrades, Stick With Solid Companies

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CNBC's Jim Cramer advises investors to ignore Wall Street's trading frenzy and focus on holding onto strong companies, even if their prices fluctuate. He specifically addressed the recent downgrade of Amazon by Wells Fargo, arguing that the company has a history of overcoming challenges.

CNBC's Jim Cramer holds that there's merit to sticking with solid companies even if their prices fluctuate.

He acknowledged that Amazon is facing some hurdles, but he disagreed with Wells Fargo's downgrade of the stock.told investors not to get caught up in downgrades or general trading on Wall Street, reiterating his stance that there's merit to sticking with solid companies even if their share prices fluctuate.

"When I look at the history of this incredible bull market—and it has been an incredible bull market—it's littered with 'buy-to-hold, hold-to-sell, buy-to-hold, hold-to-sell,' these downgrades that scare you out of amazing stocks at levels that may temporarily be too high, but will recover later," he said. "If you listen to the downgrades, though, you'll never recover with it."declined 1.18%.

"Wall Street is addicted to trading," Cramer said. "But if you're managing your own money, you should not be listening to all of this trading advice. You can't afford to do what they want you to do because trading is a full-time job."

 

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