Jim Cramer Prefers Caution Despite Impressive Returns From 'The Enormous Eight' Led By Nvidia, Meta: 'Each One Set Up Like Bowling Pins'
Portfolio Pulse from Shanthi Rexaline
Despite impressive returns from eight mega-cap stocks, CNBC Mad Money host Jim Cramer advises caution. The stocks, referred to as 'The Enormous Eight', include Apple, Microsoft, Amazon, Alphabet, Netflix, Nvidia, Tesla, and Meta Platforms. These stocks have generated significant returns in 2023, outperforming the Invesco S&P 500 Equal Weight ETF and the iShares Core S&P Small-Cap ETF. However, Cramer warns of the risk of these stocks dropping due to any negative news, and notes the high number of shares held as short for Tesla and Apple.
November 01, 2023 | 12:13 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Apple is part of 'The Enormous Eight' and has generated significant returns in 2023. However, it has a high number of shares held as short, indicating potential risk.
Apple's high returns and high short interest suggest potential volatility. Investors should be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Amazon is part of 'The Enormous Eight' and has generated significant returns in 2023. However, potential risks exist.
Amazon's high returns suggest potential volatility. Investors should be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Alphabet is part of 'The Enormous Eight' and has generated significant returns in 2023. However, potential risks exist.
Alphabet's high returns suggest potential volatility. Investors should be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Meta Platforms is part of 'The Enormous Eight' and has generated significant returns in 2023. However, potential risks exist.
Meta's high returns suggest potential volatility. Investors should be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Microsoft is part of 'The Enormous Eight' and has generated significant returns in 2023. However, potential risks exist.
Microsoft's high returns suggest potential volatility. Investors should be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Netflix is part of 'The Enormous Eight' and has generated significant returns in 2023. However, potential risks exist.
Netflix's high returns suggest potential volatility. Investors should be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Nvidia is part of 'The Enormous Eight' and has generated significant returns in 2023. However, potential risks exist.
Nvidia's high returns suggest potential volatility. Investors should be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Tesla is part of 'The Enormous Eight' and has generated significant returns in 2023. However, it has a high number of shares held as short, indicating potential risk.
Tesla's high returns and high short interest suggest potential volatility. Investors should be cautious.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100