CNBC’s Jim Cramer on Thursday advised investors to trust big-name executives — especially those at the helm of big companies that just reported quarterly earnings.
“You bet against these superstar CEOs and CFOs at your peril. … [they] They don’t win every game, but in the long run they win far more often than they lose and it’s rarely a wise decision to count them out,” said the Mad Money host.
“Too often, stocks fall because people who haven’t done their homework bring them down for pointless reasons. Just because a stock is down doesn’t mean the drop is warranted,” he said.
Cramer picked five well-known CEOs whose companies recently released quarterly results, and acknowledged that investors shouldn’t trust every CEO with a great reputation.
“The world is complicated, people are fallible, no leader deserves your blind faith,” he said.
Here are his thoughts on each company:
alphabet
“That is [chief financial officer] Ruth Porat. Titanium. If she says the quarter is great and she explains it, don’t just dismiss it. … They’re firing the clowns selling the stocks,” Cramer said.
Meta
“Facebook set aside billions to defeat TikTok; [CEO Mark] Zuckerberg spent a fraction of that and has already created something better. … That’s the guy the bears want to bet against? You can’t be serious,” he said.
ford
“Ford stock is one of the cheapest in the S&P 500. I would be a buyer,” Cramer said.
Microsoft
“Shopping Microsoft into that foolish bath…was like stealing candy from an adult,” Cramer said.
Apple
“A lot of people have been trading Apple’s stock as usual because we’ve been hearing bad things about supply issues and China and dreary phones and slower service. People bet against it [CEO] Tim cook. … It’s Tim Cook, for Christ’s sake,” Cramer said.
Disclosure: Cramer’s Charitable Trust owns shares of Alphabet, Apple, Ford, Meta and Microsoft.