Cramer says it's still a bull market, but trim a few tech stocks and profit while you can

  • 📰 CNBC
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Even though he believes it's still a bull market, CNBC's Jim Cramer told investors on Monday to trim their tech stock and make a profit while they still can.

, will continue to be successful. All seven stocks managed to soar this year due to the merits of their own products instead of macro elements like decisions made by the government or the Federal Reserve.

For example, he predicts even greater success for Apple as it grows its geographic reach, potentially expanding its core user base from two billion to three billion with new sales in Brazil, the Philippines, Indonesia and India. And according to Cramer, the success Nvidia has found with generative artificial intelligence is far from over.

But even though it's been a strong month and we are still in a bull market, Cramer said, he sees the market heading for weakness in June after the Fed's meeting next week. And he thinks it's best to get in on the profits before anyone can beat you to it. "Then the bears—many of them uber-rich hedge fund managers who missed this move entirely, as well as endlessly bearish analysts with a lot of followers—will come on air and bloviate about how you won't make any money in stocks," Cramer said. "Rather than wait for the cyclical weakness coming up, I'd lighten up ahead of time.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The market may be primed for the Dow to lead with the debt ceiling resolved, Jim Cramer saysCNBC's Jim Cramer explained that last week's debt ceiling resolution may have paved the way for a Dow resurgence.
Source: CNBC - 🏆 12. / 72 Read more »

CNBC Daily Open: A Goldilocks jobs market?May's astounding jobs report has something for both the Federal Reserve and the economy.
Source: CNBC - 🏆 12. / 72 Read more »