CNBC’s Jim CramerAccording to Wednesday’s statement, investors need to look for profitable companies in order buy potential opportunities after another tech-driven stock market crash.

“A lot of the companies that came down yesterday … were really really good companies, and I think you have to start buying them,” Cramer said on “Squawk Box”Before the market opened. He observed AirbnbAs an example, recently weaker but profitable firmThis is what stands out.

Cramer stated that buyers need to avoid “clown corporations” and instead invest their money somewhere else.

“Look at any company that became public since 2018, we almost want to sell all of them, they’re the ones that are pre-revenue, which is a hilarious term I haven’t heard since 2000,” Cramer said, referring to 2000 — when the late 1990s dotcom bubble burst. There are many. NasdaqThe bubble collapsed and the stock market lost around 80% of its value within two years. Many dubious financial prospects were exposed to the public and went bankrupt.

The “Mad Money”Host drew parallels between the current-day SPAC craze and how it makes it easier to make public stocks by combining special purpose acquisitions companies with mergers.

Cramer said that Cramer is rebelling against the many narratives used to explain recent stock slide. Rising bond yields have made it harder for growth stocks to expand, including tech-related ones.

After the Nasdaq’s lowest closing price in three months, volatile trading saw major averages rise Wednesday. On Tuesday, the Nasdaq fell more than 2%, while the Dow and S&P 500 each dropped more than 1%.

Cramer criticised market naysayers who try to get it both way when it is about expectations. Federal ReserveThis year, the Federal Reserve will double its interest rate hikes. “The bears believe that raising it 4 times is bad. Bank of America but if they don’t raise it, it’s bad for Bank of America — forget it,” he said.

When rates rise, bank earnings are more likely to grow. Bank of America shares, which rose nearly 45% over the last 12 months, were up roughly 2% Wednesday. better-than-expected quarterly earnings.

Cramer stated that buyers should look beyond the chatter to find companies doing well.

“We gotta start thinking about individual companies … like Warren BuffettCramer spoke, extolling the “Man, he’s probably just sitting there laughing at all of us,” Berkshire HathawayBillionaire is the symbol bearer of winning blue-chip stock picks

I want to work in businesses that create things and do them well. Cramer later stated that this was an easy message. “Squawk on the Street,”His 2022 investment strategy is a blueprint for companies that produce tangible results and products.

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