'You can be bold enough to buy a discounted product without much hesitation,' the 'Mad Money' host said.
CNBC's Jim Cramer on Thursday gave investors the go-ahead to buy shares of valuable companies that reported bad news, yet still managed to keep their stocks afloat.
"Because the stocks have been so crushed in anticipation of multiple rate hikes, you can be bold enough to buy a discounted product without much hesitation," the "Mad Money" host said. CNBC's Jim Cramer on Thursday gave investors the go-ahead to buy shares of valuable companies that reported bad news, yet still managed to keep their stocks afloat.
"The lack of new, broken-the-moment-you-buy-it stocks, and the horrendous declines in very valuable companies, have coalesced to create an environment where Wall Street's willing to overlook some of the imperfections. Not all. But some," the ""You're free to overlook a blemish or two, and because the stocks have been so crushed in anticipation of multiple rate hikes you can be bold enough to buy a discounted product without much hesitation.
Cramer highlighted several instances in which investors ignored "textbook bad news" from a company, pointing out that shares of
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