CNBC's Jim Cramer on Friday told investors that they should watch for stocks to add as earnings season winds down.
"There's plenty to buy, as long as you buy companies that are making money and returning some of that money to shareholders via buybacks and dividends," he said. "Still too soon, by the way, to pick at high-growth stocks with little in the way of earnings, though." Stocks were mixed on Friday, with the S&P 500 closing up slightly as it notched its worst weekly performance in nearly two months. All three major indexes ended down for the week.
Cramer reassured investors that the market's declines this week don't mean that it's headed for bear market territory. "Right now, we're witnessing classic bull market behavior. A bull market has moments where the despair is thick." In addition to corporate earnings reports, he said that he's keeping an eye out for the January consumer price index report on Tuesday.Q4 2022 earnings release at 6:55 a.m. ET; conference call at 8:30 a.m. ET"To date, we have not seen much trade-down of any size at the supermarket. … But once it starts happening, that will be a huge win in the fight against inflation," he said.Q4 2022 earnings release at 6:55 a.m. ET; conference call at 8:30 a.m.
5% fed funds rate. You know what’s gonna happen.
Thank God that none of them were mentioned.
Cramer needs to join FOX.
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