CNBC’s Jim Cramer on Thursday listed CEOs he trusts even when the market doesn’t, naming Amazon’s Andy Jassy, Broadcom’s Hock Tan and…
CNBC's Jim Cramer on Thursday listed the CEOs he trusts even when the market doesn't, primarily naming executives from top tech companies.
"Not every executive deserves the same level of skepticism if not scorn. Some CEOs have earned your trust," he said."Look, it's right to be skeptical when you're investing. It's right to be jaundiced," he said."But the bottom line? Not every executive deserves the same level of skepticism if not scorn. Some CEOs have earned your trust."added 1%. Cramer said investors shouldn't doubt solid companies every time a negative data point surfaces.
Tech stocks can be hampered by investors who don't completely understand the companies' operations or trajectories, according to Cramer. He gave Broadcom as an example, saying it's hard to understand the stock because"there are many moving parts that aren't well known." While some were worried about the company's AI division, Cramer said he has confidence in Tan because the CEO has a solid track record.
"It's quite different when it comes to tech, where the analysts are constantly doubting the resolve and perspicacity of CEOs who simply know far more about their own business than the critics," he said."In tech, the complexity is such that Wall Street often reaches conclusions that have little to do with reality."Feeling out of the loop? We'll catch you up on the Chicago news you need to know.
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