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CNBC's Jim Cramer on Wednesday shared with investors how the sausage really gets made. Cramer shared the more unsavory aspects of the craft, the inevitable mistakes he said most money managers won't admit to making. "Money management is an art, not a science," Cramer emphasized. "I showed the genuine disappointment today that occurred when I refused to violate my basis, an important discipline for me, and pay up for more stock," Cramer said. "Mistakes are part of the business for everybody."
Persons: CNBC's Jim Cramer, Cramer, he's, Stanley Black, Decker Organizations: CNBC, Club, CNBC's, Trust, Investing Club, Bausch Health Company
CNBC's Jim Cramer opined Tuesday about the value of sticking with his "Magnificent Seven," the seven tech stocks currently leading the market: Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla . "It's so aggravating to stand here and tell you to just stick with the 'Magnificent Seven' and friends," Cramer said, adding it's easier to talk about stocks when you're sure the price targets are going higher instead of lower. "It's just so darned easy to bet on the 'Magnificent Seven,' because everything always seems to go right with them," Cramer said. For example, Cramer said, one of Nvidia's models, FourCastNet, can predict high-impact weather models weeks in advance and is 45,000 times faster than current models. "Now, I know that Nvidia's weather forecasting doesn't result in higher earnings per share, at least not anytime soon," Cramer said.
Persons: CNBC's Jim Cramer, Cramer Organizations: Apple, Microsoft, Nvidia, Tesla, Nasdaq, CNBC's Charitable
CNBC's Jim Cramer said Wednesday that if investors are waiting for the market to broaden for a rally, they may as well be "Waiting for Godot." Cramer examined the ten worst performers for the first half of the year in both the Dow and the S&P 500, explaining the internal and external challenges these companies might be facing. "How the heck can this market broaden out when so many companies have simply become have-nots, either because of the yield curve or lawsuits or sector-wide woes that prevent them from doing well in this environment," Cramer said. In the Dow, Johnson & Johnson , which is owned by CNBC's Charitable Trust, Walgreens and Nike are among the worst performers. "So why not just go with what's working instead of waiting for what's clearly not working, and stop thinking that things have to broaden out before you should get interested," he said.
Persons: CNBC's Jim Cramer, Cramer, Johnson, Charles Schwab Organizations: Dow, Johnson, CNBC's Charitable Trust, Walgreens, Nike, Advance, Federal Reserve, Nasdaq Locations: Moderna
Jim Cramer's guide to investing: Never buy all at once
  + stars: | 2023-06-29 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
With that strategy, you're better protected if the price goes lower or if something should go wrong at the company. "When you buy all at once, you're basically declaring that the stock absolutely won't go any lower," Cramer said. For example, Zoom , a Wall Street favorite during the Covid-19 pandemic, plunged from a $588 high in October 2020 to the mid-seventies less than two years later. But Cramer said the distinction between a damaged stock and a damaged company can be difficult to discern, and at the end of the day, "you never really know." "Never buy a position all at once because what you think is merely a damaged stock might turn out to be a damaged company.
Persons: CNBC's Jim Cramer, Cramer, Cisco — Organizations: CNBC's Charitable Trust, Microsoft, Google, Cisco Locations: Washington
Cramer said it's time to trim some hot stocks and keep money waiting in the wings while the Federal Reserve weighs its next move. "It's okay to take something off the table after a big run," he said. For CNBC's Charitable Trust, Cramer trimmed stock from Facebook parent Meta , AMD and Costco because he'd seen such high gains, especially in the latter two. "I just told you what we're doing for the trust: Waiting," Cramer said. "It's often the hardest thing to do, but many times the hardest thing to do is also the best way to try to make a lot of money."
Persons: CNBC's Jim Cramer, Cramer, he'd, we're, , It's Organizations: Federal Reserve, AMD, Costco, Fed
CNBC's Jim Cramer told investors on Monday the market is ripe with untapped potential. "When you look underneath, this market's not all that concentrated," Cramer said. "Much of the gains in this market are, indeed, in aggregate concentrated in a handful of huge tech companies. "Here's the bottom line: the strength away from tech is undeniable," Cramer said. "It's time to open our eyes to what's really happening rather than being blinded by the big cap tech light."
Persons: CNBC's Jim Cramer, Cramer, We've, DR, Eaton, Emerson, you'll Organizations: Apple, Facebook, Boeing, General Electric Locations: Pulte
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