He warned investors to avoid the ‘great man theory of investing’, as it never pans out over the long-term, and in this especially market, due diligence before investment is quite important.Ĭramer also noted on July 28 that the Federal Reserve seems to be at the end of its tightening cycle, and investors should utilize this opportunity to strengthen their portfolios or add new positions. (NASDAQ:META) stock has lost about half its value year to date, and the company’s disappointing quarter paired with the macroeconomic backdrop is not doing it any favors. However, investors believed in Mark Zuckerberg and did not see the underlying company fundamentals clearly, which he referred to as the ‘great man theory of investing’. (NASDAQ:META) used to be a solid investment when Facebook was the dominant social media platform, and it still made sense to invest in the company when it made several acquisitions including Instagram and WhatsApp.
To drive his point home, Cramer pointed towards Mark Zuckerberg’s Meta Platforms, Inc. Mad Money’s Jim Cramer told investors on July 28 to use their heads rather than emotional rationale when picking stocks in this market. If you want to see more of Jim Cramer’s latest stock picks, click 5 Jim Cramer Stocks to Watch in August. In this article, we discuss 10 Jim Cramer stocks to watch in August.
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