3rd Party Guidance for Picking Stocks - Does anyone go by CNBC and Jim Cramer in the AM show?

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Steve P

Dryer sheet aficionado
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Wondering if anyone listens to the CNBC AM show with Jim Cramer and follows that guidance? I have talked with my financial advisor many times and have studied fundamental analysis techniques, technical analysis, looking at lots of statistical data, etc. Even though I'm fairly educated in this space, I still don't think I can outperform sharp fund managers. I've often relied on Morningstar, recommendations thru Fidelity, Schwab, Morgan Stanley, etc. I have recently also dabbled what CNBC was touting and its paying off (one can argue everything is doing well). Again, is anyone really taking CNBC guidance and running with it? How's it working for you?
 
No.

I used to listen to Cramer when I worked, during the drive home. He was somewhat entertaining but his notions were mostly hype.
 
I used to listen to Cramer - for entertainment purposes only. Everything I've seen suggests his advice is worth what I pay for it.
 
During the height of the GFC I found Cramer to be helpful in keeping me off the ceiling. He had some comforting insights which proved out. I don't act on his stock suggestions.
 
Maybe 10+ years ago I would occasionally come across his show when channel surfing and I thought he was a gimmick. No, I don't watch/follow him and in fact, actively avoid him. For a so-called stock picker he completely missed the AI surge, according to this article:

finance.yahoo.com

Cramer Names 'The Stocks That Got Away' — SanDisk Is Number 1

On Wednesday’s episode of "Mad Money", Jim Cramer delivered a candid and at times self-deprecating segment he called “The Stocks That Got Away” — a look at a lengthy roster of names that his CNBC Investing Club charitable trust missed or passed on too early. Cramer opened by revisiting one of...
finance.yahoo.com finance.yahoo.com
 
As a buy and hold investor, Jim Cramer doesn't provide much useful insight. He seems focused on the what the stocks will do in the next few months.

His Charitable Trust holdings may be useful to a buy and hold investor.
 
I used to enjoy listening to JC primarily for entertainment but a bit informative also. The CEO and fund manager interviews can be insightful. If you wanna use his picks I don't think you can go by what he says on TV. He is not giving updated advice on TV. You might find updates on his trades listed for free somewhere but more likely you'd have to pay up for one of the subscriptions they sell. CNBC and the others are putting more and more info behind paywalls.
 
I used to watch his show, it's entertaining. When I'm on the treadmill at the gym I watch CNBC's "After the Bell" just to get a feel for the market and what the current trends are. I did make some investing decisions based on the show. I bought some DTCR, a data center ETF that has done very well.
 
Years ago a friend told me he'd jump in immediately when Cramer would recommend a stock, because so many others were following and jumping in too. Then he'd get back out quickly and take his quick profit.

I didn't care for the guy's style so I don't follow him.
 
Aerides said:
TV is for entertainment so they can sell ads. Nothing more. I would no sooner ask my cat.
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I don't know, my cat is 50:50. Much better than any talking heads on TV, Cramer included.
 
He provides useful perspective on markets and is helpful for developing a market view. He "likes" far too many stocks and is not selective enough for my taste. I have gotten some good ideas from him as I have from mamy sources.
 
RunningBum said:
Years ago a friend told me he'd jump in immediately when Cramer would recommend a stock, because so many others were following and jumping in too. Then he'd get back out quickly and take his quick profit...
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Pump and Dump, checko...
 
MichaelB said:
It’s not pump and dump if you buy and sell when someone else is talking up a stock.
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The premise is that Cramer is the one pumping and dumping, and if you ride close enough on his coat tail you will benefit as well. I don't know if Cramer was actually ever found to be taking direct advantage, or perhaps indirectly with allies. Or maybe it just helped his ratings, which is still a great benefit to him.
 
ransil said:
I don't take financial advice from old people that are still working
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Cramer is worth over $100 Million, so yeah, I'd ignore him. Ignore Buffett too.

I tend to listen to the kid working at Walmart...he's only part-time so I think he must be semi-retired.
 
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RunningBum said:
The premise is that Cramer is the one pumping and dumping, and if you ride close enough on his coat tail you will benefit as well. I don't know if Cramer was actually ever found to be taking direct advantage, or perhaps indirectly with allies. Or maybe it just helped his ratings, which is still a great benefit to him.
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Thanks, that never occurred to me. Pump and dump on prime time TV. That would be pretty defiant, if true.
 
MichaelB said:
Thanks, that never occurred to me. Pump and dump on prime time TV. That would be pretty defiant, if true.
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I would think you could only get away with pump-and-dump once until everyone figures it out - especially the regulators who sometimes get involved in pump-and-dump schemes.
 
Al18 said:
As a buy and hold investor, Jim Cramer doesn't provide much useful insight. He seems focused on the what the stocks will do in the next few months.

His Charitable Trust holdings may be useful to a buy and hold investor.
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You made me remember that I subscribed to that for a while when I listened to him. It wasn't anything I remember being exceptional..

I have to add Cramer did "tip me off" to Apple and Google. I first bought Apple to write CCs on. It kept climbing and I decided to hold it. I've held both since 2011. I have sold a bunch of Apple and half the Google.

In Missouri they had a saying about blind pigs and acorns.
 
Montecfo said:
He provides useful perspective on markets and is helpful for developing a market view. He "likes" far too many stocks and is not selective enough for my taste. I have gotten some good ideas from him as I have from mamy sources.
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This.

I don't listen to Cramer for individual stocks but I do get some useful tips from him on markets as a whole and what's going on. Far more accurate than his market picks which to me anyways seem to be heavily swayed by his personal feelings about company CEOs.
 
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