CNBC's Jim Cramer on Wednesday discussed the tricky nature of bad quarters, saying management needs to explain and not gloss over any misses or poor results.
CNBC's Jim Cramer on Wednesday discussed the tricky nature of bad quarters, saying management needs to explain and not gloss over any misses or poor results.
"Memo to CEOs everywhere: each gutter ball, every strike out, must be explained or we'll be concerned that you simply don't take the process seriously," he said. "If you don't want to face the music, then you need to give us the happy family of good results and a sunny forecast."on Wednesday discussed the tricky nature of bad quarters, saying management needs to explain and not gloss over any misses or poor results.
"Memo to CEOs everywhere: each gutter ball, every strike out, must be explained or we'll be concerned that you simply don't take the process seriously," he said. "If you don't want to face the music, then you need to give us the happy family of good results and a sunny forecast." Cramer said every earnings shortfall is "nuanced beyond belief," with some more difficult for Wall Street to parse than others. Investors, he said, react badly to opaque or confusing information, and it's up to management to paint a clear picture of business, even if it's less than ideal., and investors were looking for blow out results, he continued. AMD's stock down more than 10% by Wednesday's close.
"It's like a criminal trial: if you're obviously guilty and you refuse to accept a plea bargain, the judge is going to throw the book at you," Cramer said.
Stock Markets Investment Strategy Business Markets Advanced Micro Devices Inc LILLY DRN Wingstop Inc NVIDIA Corp Business News
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 says strong jobs report suggests no imminent recession — and that's good for stocksThe U.S. economy may not have a landing at all, CNBC's Jim Cramer said Friday.
Read more »
Jim Cramer's week ahead: CPI data and earnings from Delta, Domino's and major banksCNBC's Jim Cramer reviewed next week's top market-moving action.
Read more »
Jim Cramer counters Amazon and Apple downgradesCNBC’s Jim Cramer told investors not to get caught up in trading on Wall Street.
Read more »
Jim Cramer says to focus more on earnings than inflation data with Fed in a cutting cycleCNBC's Jim Cramer on Thursday told investors not to fixate on the consumer price index.
Read more »
Jim Cramer explains how rising bond yields could dampen the market's rallyCNBC's Jim Cramer on Tuesday lamented rising bond yields' affect on the market.
Read more »
Jim Cramer's top 10 things to watch in the stock market WednesdayWall Street was looking at a mixed open.
Read more »