Jim Cramerformer hedge fund manager and current talk show host Mad Moneythe CNBC financial program, recently explained that Netflix and Tesla shares will recover quickly of the latest post-balance sheet declines due to its medium- and long-term potential.
On Wednesday after the markets closed, both technology companies reported the financial results for the second quarter of the year. Although in both cases there were generally positive figures, investors found reasons to be wary of its future.
Netflix posted year-over-year subscriber growth, possibly fueled by its campaign against password sharing. Nevertheless, the company offered a moderate forecast.
While, Elon Musk, the head of Tesla, announced an ambitious investment strategy aimed at positioning the company as a leader in autonomous vehicles. However, investors might have shown some reluctance due to the high cost of the project and the possibility of long-term implementation.
“The thing is, every time these stocks fade, the dips seem so justified, so reasonable, that they scare people away. But when you have fantastic management and phenomenal products, you tend to win in the long run, despite these hurdles.”Cramer said.
On the other hand, the famous conductor highlighted the strength of these US companies and emphasized that investors should not be overly carried away by the “short-term disturbances”.
“Make no mistake, Netflix and Tesla are two of the biggest investments of all time, and I didn’t get anything or hear anything that makes me feel differently about them. All that’s happened is the stock is going to go even lower, maybe in a week or two.”concluded the expert.
Invest in Netflix and Tesla
For those interested, from Argentina you can invest in these companies quickly and easily. It is enough to open a principal account in a brokerage firm regulated by the National Securities Commission such as Bull Market Brokersa free process that will not take more than five minutes, and, after depositing the desired funds, acquire Cedears.
The Cedears or Argentine Certificates of Deposit are instruments that are equivalent to buying the underlying share that is listed abroad, but they can be traded in pesos and follow the evolution of the CCL dollar, thus allowing them to avoid Argentine risk and, at the same time, hedge against a possible exchange rate jump.
2023-07-25 17:01:43
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