CNBC’s Jim Cramer pointed to ASML, a semiconductor company that saw shares plunge after it posted discouraging earnings a day earlier than expected.
CNBC's Jim Cramer advised investors not to trade when stocks react immediately to earnings reports, as some of these moves are not necessarily warranted.
"This is just the sloppy way that Wall Street reconsiders the price of a stock when compared to its peers and some parsed headlines during earnings season," he said."If you're not a professional, you should not be involved in this process."critiqued the market action Tuesday and advised investors not to trade when stocks react immediately to earnings reports, as some of these moves are not necessarily warranted.
"This is just the sloppy way that Wall Street reconsiders the price of a stock when compared to its peers and some parsed headlines during earnings season," he said."If you're not a professional, you should not be involved in this process."Cramer said it's unwise to extrapolate too much information from one company's earnings and apply that information to the rest of the industry and customers in general.
While he's against painting with broad strokes when it comes to earnings season, Cramer said he's not suggesting that there aren't important benchmarks and details worth paying attention to. Instead, he said, during the first stretch of trading after earnings, there's"action based on who knows what.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer's top 10 things to watch in the stock market MondayThe S&P 500 is heading for a muted open Monday after a big comeback rally last week fueled in large part by technology stocks.
Read more »
Jim Cramer: 'Don't freak out' about Fed rate-cut size, focus on stocks that benefit'We're missing the forest from the trees,' Cramer said Monday.
Read more »
Jim Cramer says selling Apple on iPhone 16 demand fears is foolishThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Read more »
Jim Cramer's top 10 things to watch in the stock market TuesdayWall Street is looking at a higher open after Monday's mixed session.
Read more »
Jim Cramer says AI's real enterprise value lies in customer serviceCNBC’s Jim Cramer said the value of artificial intelligence is in its customer service potential across industries.
Read more »
Jim Cramer's top 10 things to watch in the stock market WednesdayWall Street is on track for a subdued open Wednesday, with all eyes on the Fed.
Read more »