Published on 25 Feb 2024 on Insider Monkey via Yahoo Finance

Jim Cramer Says Do Not Buy These 11 Stocks

In this article, we will take a detailed look at the Jim Cramer Says Do Not Buy These 11 Stocks. For a quick overview of such stocks, read our article Jim Cramer Says Do Not Buy These 5 Stocks.

Jim Cramer continues to challenge the market bears after NVIDIA Corp (NASDAQ:NVDA) smashed the Wall Street estimates with another stunning quarter, essentially proving that the AI rally that kept giving a boost to stocks in 2023 was not based on a hype after all. Cramer recently said in his program "Mad Money" on CNBC that NVIDIA Corp (NASDAQ:NVDA)  did not defy gravity with its latest earnings, rather it defied the "unwarranted negativity" and "cynicism." Cramer said the performance of NVIDIA Corp (NASDAQ:NVDA)  stock has proved wrong the idea that stocks are "hostage" to an "all powerful Fed."

Cramer said that he kept recommending NVIDIA Corp (NASDAQ:NVDA)  shares all along because he knew the company's chips are much faster than its competitors like Intel. Cramer said "for years" he believed Nvidia stock would look cheap in "retrospect" because its earnings would always be much higher than expected. Cramer lamented: