CNBC’s Jim Cramer on Monday said that the fundamentals can sometimes hold investors back from buying stocks that, in hindsight, are obvious success…
CNBC's Jim Cramer on Monday said that the fundamentals can sometimes hold investors back from buying stocks that, in hindsight, are obvious success stories.on Monday said that the fundamentals can sometimes hold investors back from buying stocks that, in hindsight, are obvious success stories, and used cult stocks as an example.
"These are stocks where what's happening at the company and what's happening in the stock are two very different animals," he said."But unlike meme stocks, cult stocks have such a loyal shareholder base that they can trade independently of the business for years and years.". The stock is up 86% for the year, but many investors didn't see the promise early on due to doubts around CEOresearch, Cramer said.
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