Don’t take your investing cues from the day-to-day action, Jim Cramer warned his Mad Money viewers Tuesday. Every day, the market looks at stocks through a different prism, Cramer said, which is why you need to do your own homework and pick stocks that work for more than just today’s news cycle.
The prism through which the market views the world plays an important role on valuations of stocks, Cramer explained. Monday, that prism was positive. Tuesday, it wasn’t. Tomorrow? Who knows?
Viewed through the negative viewpoint of the CDC’s new mask guidelines and warnings, even the greatest of earnings seemed ho-hum. That’s why investors shrugged off great news from 3M (MMM) – Get Report, Raytheon Technologies (RTX) – Get Report and General Electric (GE) – Get Report. It’s also how the results weren’t good enough for shareholders of Apple (AAPL) – Get Report, Starbucks (SBUX) – Get Report or Advanced Micro Devices (AMD) – Get Report.
With a negative prism, great becomes only good, and good is never seen as good enough. But Cramer reminded viewers that how the market sees stocks today doesn’t change the underlying fundamentals or have any bearing on how the same result will be viewed tomorrow. That’s why doing your own homework, making your own decisions, and buying on weakness like today has always proved to be a winning strategy.
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Executive Decision: Mattel
Kreiz said Mattel exceeded expectations and proved its foundational transformation has put the company firmly into growth mode. He said Mattel is now an intellectual property-driven, high-performing company.
The key to Mattel’s success has been unlocking the full value of the company’s intellectual property to deliver family entertainment in more than just toys. Mattel can now deliver films, television, music, online games, live events and a whole lot more. Kreiz said they have 13 projects currently in development.
Adding to Mattel’s success if their continued focus on cultural relevance and design innovation. Even iconic brands like Barbie are seeing new life with movies on Netflix (NFLX) – Get Report and even a new musical coming in September.
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At the time of publication, Cramer’s Action Alerts PLUS had a position in AAPL, AMD.