Jim Cramer predicts these 5 Charitable Trust holdings will rebound ‘after the smoke clears’

On Thursday, CNBC’s Jim Cramer told investors he was optimistic that stocks of “amazing companies will return once the stock market faces better conditions, highlighting five names in particular.

“In the long run, I think the best way to make money is to believe, not disbelieve, own, don’t rent, bear the pain and commit. Don’t slam the door and hide in the bedroom. That’s why I’m here,” the “Mad Money” host said.

“Ultimately, while I may recite the negatives of these five stocks in my sleep, I remain unwavering in my belief that once the smoke clears, they will be higher, not lower,” he said. he declares.

Here is the list of the five actions:

  1. Apple
  2. Nvidia
  3. Costco
  4. AMD
  5. Alphabet (Google)

“Sometimes these companies don’t do well. But they are amazing companies with amazing management. I will also give them another chance to have amazing stocks because historically it was the right choice,” he said. he adds. Cramer said.

Major indexes suffered smaller losses on Thursday than the previous day as investors continued to shed holdings amid fears of a looming recession due to upcoming Federal Reserve interest rate hikes.

Such fears, along with other headwinds including Russia’s invasion of Ukraine, China’s Covid shutdowns and more, have left stocks in many industries battered. Disappointing quarters from companies such as Target and Cisco this week further spurred the market’s slide.

Still, Cramer maintained he remains optimistic the market is finding winners – despite warning investors against betting on false hope earlier this week.

“I still see a way to make things work. I’m not ready to throw in the towel,” he said.

Disclosure: Cramer’s Charitable Trust owns shares of Apple, Nvidia, Costco, AMD and Alphabet.

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