CNBC’s Jim Cramer said Thursday that investors who sell stocks from a “place of fear” risk missing out on “the greatest move of our time.” This is because relying on rules that worked during the 2022 bear market just doesn’t hold anymore, Kramer continued.
Kramer went on to say that there are more than a few stocks that represent strong value for investors who are able to outperform the “seemingly random” daily price movement.
Tech stocks, which have long been battered, now offer upside for investors, Cramer said. Owning longtime favorite Nvidia, Cramer said, presented a challenge for investors when PC sales slumped amid the broader economic slowdown. But investors who didn’t sell have enjoyed big gains this year, especially given the explosive growth in the chip maker’s artificial intelligence sector, Cramer continued.
Similar strength can be seen in the oft-criticised Meta platforms, Cramer said. Under CEO Mark Zuckerberg’s new “efficiency year” regime and the accompanying layoffs and cost-cutting, Cramer argued, the investors who stayed with the company are now reaping the benefits.
And Cramer continued: At Apple, GE and Tesla, which all saw share prices drop significantly from 2021 prices, investors are similarly rewarded for their patience.
Bank earnings can throw a slick into the business, Cramer said, but it’s still a picture-perfect moment for a bull market rally. According to Kramer, bull markets do best in challenging environments.
Investors should keep one thing in mind as they navigate daily price swings: This is what it looks like when a market goes from bullish to bearish, Cramer said. This is the perfect opportunity to get into the market before anyone else finds out, Kramer concluded.
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