CNBC’s Jim Cramer on Thursday advised investors to trust big-name executives, especially those at the helm of major companies that just reported quarterly earnings.
“You bet against these superstar CEOs and CFOs at your own risk… [they] they don’t win every game, but in the long run they win much more often than they lose, and writing them off is rarely a smart move,” the “bad moneysaid the host.
“Too often, stocks go down because people who haven’t done their homework are bringing them down for reasons that don’t make sense. Just because a stock is down doesn’t mean the drop is justified,” he said.
Cramer selected five well-known business executives whose companies recently reported quarterly results, recognizing that investors should not trust every highly reputable business leader.
“The world is complicated, people are fallible, no executive deserves your blind faith,” he said.
Here are his thoughts on each company:
“That is [chief financial officer] Ruth Port. Titan. If he says the term is great and explains it, don’t dismiss it. … Fire the clowns who sell the stock,” Cramer said.
“Facebook set aside billions to beat TikTok; [CEO Mark] Zuckerberg only spent a fraction of that and has already created something better. …Is this the guy the bears want to bet against? You can’t be serious,” he said.
“Ford stock is some of the cheapest in the S&P 500. I would be a buyer,” Cramer said.
“Buying Microsoft in that silly dip … was like stealing candy from an adult,” Cramer said.
“A lot of people traded Apple stock as usual because we’re hearing bad things about supply problems and China and drab phones and slow services. That’s the people who bet against it.” [CEO] Tim Cook. … It’s Tim Cook, for God’s sake,” Cramer said.
Disclosure: Cramer’s Charitable Trust owns shares of Alphabet, Apple, Ford, Meta and Microsoft.