CNBC’s Jim Kramer told investors Thursday that he’s optimistic about the “amazing companies” stock.“ He will return once the stock market encounters better conditions, highlighting five names in particular.
“In the long run, I think the best way to make money is through faith, not disbelief, by owning, not renting, enduring pain and sharing. Not closing the door and hiding in the bedroom. That’s why I’m here,” themad money‘ said the host.
“In the end, as much as I can read the negatives about these five stocks in my sleep, I still firmly believe that after the smoke is cleared, it will be higher, not lower,” he said.
Here is a list of five stocks:
“Sometimes these companies just won’t do well. But it’s an amazing business with amazing management. I’m going to give them another chance to have amazing stock too, because historically that’s been the right choice,” Kramer said.
Major indices suffered fewer losses Thursday From the day before, investors continued to abandon their holdings on fears of a pending recession due to the Federal Reserve’s hike in interest rates.
Such concerns, along with other headwinds, including the Russian invasion of Ukraine, the Covid shutdown in China and more, have left stocks in many industries hurt. Disappointing quarters of companies including Goal And Cisco This week has made the market even more contemptuous.
However, Cramer emphasized that he remains optimistic about finding winners in the market – even though he did Investors warned against betting on false hope earlier this week.
“I can still see a way to make things work,” he said. “I’m not ready to throw in the towel.”
Disclosure: Cramer’s Charitable Trust owns shares of Apple, Nvidia, Costco, AMD and Alphabet.
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