CNBC’s Jim Cramer told investors Tuesday to remain selective with stocks despite the strength in the market.
“I just want you to have a real income cushion with real buybacks or real dividends — ideally both — and I can’t feel comfortable recommending anything without those,” he said.
Markets rallied on Tuesday after Fed Chair Jerome Powell said during a speech that the deflation process is in its early stages. at the Economic Club of Washington, DC, The stock initially dipped after Powell said it needed to keep interest rates high.
Cramer said, “It is insane that so many people believe that the Fed will hit the gas in a matter of months by applying the brakes on the economy.”
But he acknowledged that despite his belief that market is in bull modeInvestors shouldn’t get ahead of themselves by investing in untouchable tech names. Instead, investors should seek to pick up shares in “rational, old-line companies.”
“What matters here is that you understand the difference between hype and hope versus the cold hard reality. I like industrialists dupont Or Linde Because they’re all about reality,” he said.
Disclaimer: Cramer’s charitable trust owns Linde’s shares.
