CNBC's Jim Cramer on Tuesday told investors they should focus on finding companies with solid products and long-term potential instead of concerning themselves too much with day-to-day fluctuations.
Cramer gave two case studies of companies he sees as long-term success stories: semiconductor manufacturer Nvidia and drug maker Eli Lilly.on Tuesday advised investors to focus on finding companies with solid products and long-term potential when trading on the market. According to Cramer, day-to-day stock movements can be confusing and sometimes hold little weight. When you invest in an individual company with commodities that can turn a profit in different economic settings, you're more likely to see success, he said.
"Put simply, most people don't trust the market anymore. They don't trust CEOs. They don't trust individual companies. There is endless skepticism and little sincere belief," Cramer said. "A lot of it comes down to the fact that the day-to-day action rarely makes much sense — so much trading, so much trying to game things, stocks going up or down for reasons that have nothing to do with the underlying companies.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nvidia stock still 'top pick' at Bank of America ahead of Q2 earningsBank of America's Vivek Arya reiterates 'Buy' rating and $550 price target for Nvidia, expecting potential upside of 22% from current levels despite its impressive year-to-date stock rally.
Source: BusinessInsider - 🏆 729. / 51 Read more »