STOCK NOW Cramer examines Tuesday's market 'mistakes,' underappreciated stocks

Cramer examines Tuesday’s market ‘mistakes,’ underappreciated stocks


- Advertisment -

CNBC’s Jim Cramer on Tuesday said he thinks Wall Street has made some poor decisions when evaluating mega cap stocks.

“Look, on any given day, we’re giving, getting these imperfections, these mistakes, these juvenile, uninformed moves,” he said. “To me, it says there are plenty of shareholders who don’t even know what they own or even what matters to the direction of a stock.”

Cramer pointed to tech giant Apple, which he said opened down on Tuesday due to a market-wide decline. But attitudes changed once major Apple supplier Foxconn, officially known as Hon Hai, raised its fourth quarter outlook, expecting strong end of year sales. Investors soon realized their mistake, Cramer said, and the stock was up a little over 2% by close.

To Cramer, investors made a similar error with stock of pharmaceutical giant Eli Lilly, which also opened down on Tuesday and proceeded to fall further just after open. But its stock changed course after the company announced its recently approved weight loss treatment Zepound is now available at pharmacies. Eli Lilly’s stock was up .42% at close.

These “mistakes” can bode well for investors who might want to buy shares of high quality stocks at lower prices.

“As long as there are mistakes, there are opportunities,” Cramer said. “I think it’s just a matter of time before the others react correctly, giving the opportunistic, more fearless investors a terrific chance to build great positions in these amazing American companies.”

Consider the market's mistakes your buying opportunity, says Jim Cramer

Jim Cramer’s Guide to Investing

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

Disclaimer The CNBC Investing Club Charitable Trust holds shares of Apple and Eli Lilly.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer Twitter – Facebook – Instagram

Questions, comments, suggestions for the “Mad Money” website?


Please enter your comment!
Please enter your name here

Latest news

Kim Kardashian wears sexy knitted black dress as she joins Hollywood stars Cher, Tom Brady and Sylvester Stallone at grand opening of the new...

Kim Kardashian made a low-key arrival at the launch of the launch of Fontainebleau Las Vegas — the newest upscale resort in...

Nifty Today | Share Market Live Updates: Sensex surges 850 pts; Nifty tops 21,400; TCS, Infy, HCL Tech lead

Nifty Today | Share Market Live Updates: India's key stock indices are seeing strong gains, hitting new...

Popularity is still on the rise for the only two Paralympic exclusive sports

One sport is hundreds, possibly thousands, of years old while the other is a relative newcomer. Nevertheless, they do have...
- Advertisement -

In South Korea, more young people say marriage ‘not necessary’ as nation’s birth rates plummet

“I don’t like either scenario. I will make a living for myself and myself alone is enough,” he said.Children...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you