This is a case-by-case market, not one that’s driven by averages, “Mad Money” host Jim Cramer said Wednesday. That’s why he thinks it’s important to focus on individual stocks.
“This is an excellent moment, only a couple percentage points away from the market’s highs, to go over what you own on a case-by-case basis and decide what might be too high versus other stocks in the same area,” he said, “or might not be worth owning because they simply aren’t doing that well and their weakness is being masked by the overall numbers.”
Stocks ended higher Wednesday amid optimism over Greece’s bond swap and better-than-expected economic reports. However, Cramer noted that the action in individual stocks makes his case.
There were winners and losers in the semiconductors, for example. Cypress Semiconductor lowered guidance after the bell Tuesday and fell 3 percent in trading Wednesday. Qualcomm and Broadcom, on the other hand, are both saying positive things about the business.Page 1 of 2 | Next Page