“I want to own the stocks of longstanding, great Americans that are brought down in a guilt-by-association fiasco,” such as Disney, the “Mad Money” host said.
Cramer acknowledged Friday that he's"been too early" on Disney, alluding to the fact the stock is trading lower than when the trust made its buys.
"But it's time to stop conflating speculative stories with investment-grade stories. Many stocks that have bee annihilated here belong to companies that don't have much in the way of earnings, companies that mostly trade on hype or hope," Cramer said. He said he sees a range of speculative assets — including cryptocurrencies and stocks that went public through a reverse merger with a special purpose acquisition company — that deserve to be struggling right now, as Wall Street prepares for likely interest rate hikes from the Federal Reserve.
"But you can't just extrapolate the weakness of one company which has done very well, Netflix, with a whole host of other companies with great brand names that make fantastic products and generate good earnings, like Disney," Cramer said. "I am not saying that Netflix isn't worth owning. At some price, it sure will be," he added."I am saying that there are plenty of high-quality companies that were poleaxed today because of Netflix, and those were the best ones to buy."Disclaimer
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Jim Cramer Has Major Warning for Dogecoin Buyers.jimcramer has urged his followers to be cautious about Dogecoin
Baca lebih lajut »
Disney is putting a Disney Plus exec in charge of HuluDisney shuffles its executive suite, naming a new Hulu boss.
Baca lebih lajut »
Mad Money's Jim Cramer Warns About Dogecoin — Says DOGE Is a Security, SEC Will Regulate – Altcoins Bitcoin NewsThe host of Mad Money, Jim Cramer, has warned about dogecoin (DOGE). He said that the meme cryptocurrency is a security and will be regulated. He also questioned the supply of dogecoin.
Baca lebih lajut »
Two Disney Channel Alums Are Joining “High School Musical” Season 3HSMTMTS is truly the gift that keeps on giving
Baca lebih lajut »
Bears Head Coach Search: Jim Harbaugh Might Leave for RaidersBears fans have clamored for the Michigan Wolverines coach to replace Matt Nagy
Baca lebih lajut »