Jim Cramer says Big Tech stocks haven't hit a bottom just yet

CNBC's Jim Cramer on reviewed Monday's high and low performers and told investors weakness in the tech sector isn't enough to warrant buying just yet.

"At this point, there's going to be a lot more Nasdaq weakness, so, please, be ready to do some buying, but just not yet," he said. "Too early in the rotation."on reviewed Monday's high and low performers and told investors weakness in the tech sector isn't enough to warrant buying just yet. "At this point, there's going to be a lot more Nasdaq weakness. So, please, be ready to do some buying, but just not yet," he said. "Too early in the rotation."declined 0.32% while the tech-heavy Nasdaq Composite dipped 0.85%. Cramer suggested that some on Wall Street sold secular companies with consistent earnings in order to rotate into cyclical stocks that do well when interest rates come down.

"I want to keep the buy list small, because I think there'll be many more days like this to come," Cramer said. "There's just not enough money raised so far to think that tech has bottomed. The sales are not covering the buys."

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Tech stocks on the decline are still winning companies, Jim Cramer saysEven though many megacap tech stocks continue to nose dive, CNBC’s Jim Cramer on Tuesday told investors not to forget they are still solid companies.
Source: nbcchicago - 🏆 545. / 51 Read more »

A big cloud hangs over Big Tech earnings: Is all this AI spending worth it?Investors will be scrutinizing the AI spending levels of tech titans like Microsoft when they report earnings this week.
Source: CNBC - 🏆 12. / 72 Read more »