News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 52 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 41%
  • Publisher: 72%

Finance News

Amazon,Investing,Downgrades

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."

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 UK
 

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

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.

Jim Cramer: 'Don't freak out' about Fed rate-cut size, focus on stocks that benefit'We're missing the forest from the trees,' Cramer said Monday.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer Says Fed Rate Cuts Don't Help Tech StocksCNBC's Jim Cramer argues that the Federal Reserve's interest rate cuts primarily benefit companies reliant on consumer spending and don't significantly impact tech stocks. He asserts that large tech companies are focused on AI automation and enterprise solutions, making them less dependent on lower rates.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer's top 10 things to watch in the stock market ThursdayWall Street is set to open sharply higher Thursday, with the Nasdaq looking especially strong.
Source: CNBC - 🏆 12. / 72 Read more »

Jim Cramer reviews 10 stocks that perform well just after the start of a cutting cycleCNBC’s Jim Cramer on Thursday reviewed stocks that have historically performed well just after the a cutting cycle starts and endorsed his favorites.
Source: nbcsandiego - 🏆 524. / 51 Read more »

Jim Cramer's top 10 things to watch in the stock market FridayWall Street is heading for a muted Friday open, one day after a delayed Fed-induced rally.
Source: CNBC - 🏆 12. / 72 Read more »