As megacap stocks continue to decline, CNBC's Jim Cramer said he remains optimistic about their prospects in the long run.
As megacap tech stocks continue to decline, CNBC's Jim Cramer said he remains optimistic about their prospects in the long run.
"I think if you're willing to own them for the long-haul and take some pain, you'll continue to win," he said. "You just need to get over the hump, a hump that periodically scares people out of this whole asset class." "I think if you're willing to own them for the long-haul and take some pain, you'll continue to win," he said. "You just need to get over the hump, a hump that periodically scares people out of this whole asset class."
Cramer said he always encourages investors take profits on winners when they can, otherwise it's possible to "get obliterated." And owning losers can feel more difficult than owning winners because it's more obvious why the latter might be on the decline, he added. This kind of rotation makes investors unsure if high-performing stocks are selling off because there is some sort of issue, or because Wall Street wants to take profits, he added..
"These are solid companies with real earnings and great balance sheets," he said. "But these moments of panic are usually where you need to be patient and even opportunistic, taking the sell off as a chance to buy some great stocks while they're on the way down."
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