Cramer: Be wary of stocks that rally into earnings reports, like Google-parent Alphabet did

After reaching a new high of $1,296.97 in the session, shares of Alphabet plummeted nearly 8% in after-hours trading. The tech giantof $11.90 per share, compared with the expected $10.61. But, reported revenue of $36.34 billion fell below analysts' projections of $37.33 billion.

Ahead of Monday's close, the stock had run up nearly 10% in April. Cramer called it a "horrendous set up." "[It's] another classic worst-case scenario, although the pattern of Alphabet's stock is to get pummeled on earnings and then spend the next three months rallying until it gets pummeled on earnings again," he said. "It's the Sisyphus of modern growth stocks."call last Thursday, when the company revealed weaker-than-expected revenue expectations.

Nearly a third of all S&P 500 companies are set to report earnings this week. If a stock surges into the quarter and the earnings results turn out to be bad, investors could be set up for a tough decline, Cramer warned. The major indexes on Monday all advanced. The Dow Jones Industrial Average added more than 11 points, the S&P 500 gained gained 0.11%, and the Nasdaq Composite moved 0.19%. The latter two averages both recorded new 52-week highs.Want to take a deep dive into Cramer's world? Hit him up!

This is not a true statement. alphabet had a lousy earning.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Cramer Remix: I think the stock market's biggest risk right now is the current IPO cycleJim Cramer says the barrage of IPOs flooding the market are looking frothy, adding that it could be a sign of irrational exuberance. irrational valuation If I wanted to scoop up someone else’s shit, I’d just stroll through downtown San Francisco instead of buying the Uber or Lyft IPO jimcramer
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Cramer's lightning round: Why I'm staying away from most auto stocksJim Cramer zips through his response to caller questions about their favorite stock picks.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

Cramer Remix: Stocks are bearing the fruits of fear this earnings seasonJim Cramer dishes on how low expectations have set the scene for positive first-quarter earnings.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »