Jim Cramer Advises Investors Not To Get Greedy But Wait — 'It's Often The Hardest Thing To Do'
Portfolio Pulse from Bhavik Nair
Jim Cramer advises investors not to get greedy and to cash in some gains following a decent rally. He suggests cutting down on hot stocks and waiting for the Federal Reserve's next move. Major indices closed in the red on Wednesday after Fed Chair Jerome Powell's testimony.
June 22, 2023 | 2:20 am
News sentiment analysis
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NEGATIVE IMPACT
Jim Cramer's advice to cash in gains and wait for the Fed's next move may impact Invesco QQQ Trust Series 1 (QQQ), which declined 1.36%.
Jim Cramer's advice to cash in gains and wait for the Fed's next move may lead to some investors selling their positions in QQQ, causing a short-term negative impact on the ETF's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Jim Cramer's advice to cash in gains and wait for the Fed's next move may impact SPDR S&P 500 ETF Trust (SPY), which closed 0.51% lower.
Jim Cramer's advice to cash in gains and wait for the Fed's next move may lead to some investors selling their positions in SPY, causing a short-term negative impact on the ETF's price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50