Jim Cramer is Bearish on These 12 Stocks

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In this article, we will take a detailed look at Jim Cramer is Bearish on These 12 Stocks. For a quick overview of such stocks, read our article Jim Cramer is Bearish on These 5 Stocks.

After recommending investors to go easy on mega-cap tech stocks and take some profits on them during the start of 2024, Jim Cramer is back to praising the strengths and resilience of these companies after major technology stocks part of the Magnificent Seven group started posting earnings. Cramer recently said in a program on CNBC that we have reached a strange "confluence of events" that makes it hard to "value anything." Cramer praised strong earnings reports from Apple, Microsoft, Meta and Amazon. Cramer advised investors not to worry about high valuations of these companies and said it does not make sense to sell these stocks just because these companies are "big." Cramer said these major technology companies have not "fooled" their way to such high valuations and there was nowhere else to go for these stocks "but up."

Cramer's Thoughts on Apple Inc (NASDAQ:AAPL)

Jim Cramer's message to market skeptics who believe tech stocks are headed for a crash is this: "enough already!"

Cramer said Apple Inc (NASDAQ:AAPL), Amazon.com Inc (NASDAQ:AMZN) and Meta Platforms Inc (NASDAQ:META) generated about $330 billion in collective revenue and about $58.5 billion in collective profits in the recently reported quarter. Cramer said it would not make sense to compare these companies with those that collapsed during the dot com bubble

On a side note, Cramer shrugged off China fears and recommended investors to "own" Apple Inc (NASDAQ:AAPL) shares and not trade it.

Cramer Says Tesla Does Not Deserve to Be in the Magnificent Seven Group

Cramer yet again criticized the market's fears around concentration of the broader stock market gains in a handful of companies also known as the Magnificent Seven group of stocks. Cramer said it does not make sense to worry about market gains of major companies and compare them to smaller companies. Cramer, however, was clear about Tesla as he believes the company no longer deserves to be in the Magnificent Seven group. Cramer said Tesla's exit from the Mag. Seven group of stocks was made easier by the judge who recently rejected Elon Musk's $56 billion pay package.

Despite this bullish outlook on tech stocks, there are some companies Jim Cramer is bearish on. In this article we decided to talk about those stocks.