Jim Cramer explains the dangers of making investment decisions before listening to the conference call.
Reacting to the headlines to make investment decisions can mislead investors that are "trigger happy," the"Don't buy or sell anything based on earnings until you've listened to the actual conference call," he warned., which, after posting weaker-than-expected quarterly earnings, sold off $3 before closing up $5 on Tuesday. Investors that took a risk and bought shares on the weakness made as much as an $8 swing, he said.
"During earnings season, the headlines come so fast and furious that I think a lot of those headlines are written by machines. They're not great at capturing nuance," Cramer said. "If you waited for the conference call, you would've hurt management say they were disappointed about some line items, but generally they told a story of growth, despite rough conditions."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer Remix: These big banks are buys even in this interest rate environmentJim Cramer explains why JP Morgan, Citigroup, Goldman Sachs and Bank Of America have become investable again.
Read more »
Facebook needs to drop Libra and buy Square, Jim Cramer says'It's clearly doing more harm than good,' the 'Mad Money' host says. Instead Facebook should buy Square for $70 billion and expand the payments network worldwide.
Read more »
Charts show the S&P 500 could be due for a correction, Jim Cramer says'The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited,' Jim Cramer says.
Read more »
Diplo Hints At Beyonce and Major Lazer Collab With Lion EmojiThe Caribbean-influenced electronic trio just shared a remix of Tove Lo, too.
Read more »
SOPHIE's New Remix Album Comes as a ClutchThe ultimate stan accessory.
Read more »