Insider Monkey
Jim Cramer Says “Hang On To Stocks” and Recommends 10 Stocks
Fahad Saleem
8 min read

In This Article:

In this article, we will take a detailed look at Jim Cramer Says "Hang On To Stocks" and Recommends 10 Stocks to Buy. If you want to skip our detailed analysis and see the top 5 stocks in this list, click Jim Cramer Says "Hang On To Stocks" and Recommends 5 Stocks.

Cramer Thanks Powell for "All-Clear" Sign

Jim Cramer last week thanked Fed Chair Jerome Powell for giving an "all-clear" sign by keeping interest rates unchanged. Cramer said that the Fed's dovish comments catapulted the market from the pits of deep red to new highs.

Jerome Powell: "The Bull's Best Friend"

He thinks Jerome Powell has become "the bull's friend for the moment, maybe best friend." Jim Cramer said that despite the signs of "softness all over the place," Powell is currently "more of a dove than a hawk" since he believes inflation will "go away on its own."

Powell Takes Another Rate-Hike Scenario Off the Table

Cramer said Jerome Powell was "badgered" by the media about the possibility of another rate hike. But Powell, according to Cramer, is "too smart" as he didn’t take the "bait" and took the "dreaded" rate hike scenario "off the table."

Cramer Says Hang On To Stocks

" I think Jay Powell has realized that these brown shoots are doing the work for him and his consistent messaging in the face of endless Fedspeak tells me that I think you should hang on to stocks."

Cramer Laments About The Market's Obsession with Fed

Jim Cramer in another program last week again voiced his frustrations about the market's obsession with the Federal Reserve's policy comments, saying jobs numbers, inflation, possibility of rate cuts and the Fed's future moves is "all we talk about." Cramer said that some analysts were expecting the Fed chair Jerome Powell to "lower the boom" of the stock market by "saying something hawkish." Cramer is surprised that some circles in the market are talking about another raise.

"We are once again hostage to everyone's worries about the Fed which is another way of saying, everyone's worries about inflation."

Jim Cramer on What Should You Buy in the Current Environment

After analyzing the current market situation, Cramer came straight to what matters the most for an average investor:

"So, what wins in this environment? What do you do? Well, pretty much everything is going to kind of work here," Cramer said before analyzing different stocks some of which we will discuss in this article.

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