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Cramer urges investors to use the late-January rally to sell stocks in unprofitable companies


CNBC’s Jim CramerTuesday’s announcement by the CEO of Unprofitable Companies was that it is now time to sell stocks.

Cramer, who spoke on behalf of “A Free Yourself from Companies… That Don’t Have Any Revenues, Earnings, All 50 Times Sales,” said that this was “Your Chance to Get Rid Of Those Companies…”Squawk on the Street“” refers to stocks with high prices-to-sales ratios. He said, “They’re all out, take advantage,” echoing his 2022 motto to invest in businesses that produce profits.

Cramer’s remarks come after stocks were fairly steady on Tuesday, following Wall Street closing out January with a disappointing two-session rally which saw many growth stock bounce higher. The Nasdaq declined 6.5% over its second-day gain. remained firmly in correction territory — down 12% from its November all-time high.

Investors should look for companies that are able to weather supply chain challenges, as well.Mad Money“House said this, pointing out a manufacturing firm Stanley Black & DeckerAs an example.

They were plagued by supply chain problems but managed to keep their business afloat. to make the numbers. Cramer stated that many costs were passed on to them. He explained that it is worth investing in companies who can strategize and get over obstacles to make profits.

Cramer last month called an investment“An invitation to take money and throw it in the fire,” advises buyer to send their money instead to American-based companies.

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