Jim Cramer Advises Investors To Capitalize On Big Tech Shares: 'No One Ever Got Hurt Taking A Profit'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, the host of CNBC's Mad Money, has advised investors to take profits on their Big Tech investments, highlighting the importance of profit-taking even when it's difficult to let go of shares from the 'Magnificent Seven', a group of top-performing tech companies. He mentioned that despite potential regrets of selling these stocks, the current market conditions might present a lower buy-in opportunity. Cramer specifically pointed out Amazon (AMZN) for its Prime Video service's revenue potential and Tesla (TSLA) for its future growth beyond electric vehicles.

January 04, 2024 | 7:46 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Jim Cramer praised Amazon's Prime Video service for its subscription and advertising revenue potential, suggesting it as a reason to hold the stock despite advising profit-taking in the sector.
While Cramer advises taking profits, he also acknowledges Amazon's strong potential in Prime Video, which could maintain investor interest and balance out the selling pressure.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Cramer highlighted Tesla's promising future beyond electric vehicle manufacturing, citing potential revenue from financial services, network services, and ride-sharing as growth drivers.
Tesla's diversified potential revenue streams are recognized by Cramer, which might counteract his general advice on profit-taking and keep investor sentiment stable.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70