Jim Cramer's Advice On Capitalizing Stock Gains Amid Bull Market: 'I'm Begging You To Take Off Something'

Renowned financial commentator and CNBC host, Jim Cramer, is advising investors to secure their profits from stocks that have experienced a surge in the ongoing bull market.

What Happened: Cramer, on Tuesday, motivated investors to revisit their portfolios and realize gains on stocks that have recently surged, CNBC reported. He stressed the importance of cashing in profits, even in a thriving market.

"If you’ve got a huge gain, I’m begging you to take off something, just take it off the table a little bit,” he said.

“Bulls make money, bears make money, but hogs, they get slaughtered,” he advised.

See Also: Crypto Analyst Forecasts Monumental Bitcoin Rally By 2026

Cramer’s strategy involves partial selling of shares in companies that have witnessed a stock pop, but retaining some if the investor is optimistic about the company’s future. He used his charitable trust’s handling of Broadcom AVGO shares as an example, selling some after the chipmaker and software company witnessed a more than 20% run in the past week and a half. He also pointed out Affirm AFRM, which escalated more than 15% on Tuesday and is up over 400% for the year, as an ideal candidate for this approach.

“It’s almost impossible to call the top in an individual stock, so what you need to do is sell your winners gradually on the way up,” Cramer suggested.

Why It Matters: Cramer's advice comes in the wake of his recent comments regarding certain stocks. On Dec. 14, Cramer recommended investors wait for a pullback in Cloudflare, Inc. NET stock, as it had surged around 87% year-to-date. Furthermore, he criticized Federal Trade Commission (FTC) Chair Lina Khan’s policies for hampering investor returns.

Read Next: Bitcoin, Ethereum, Dogecoin Spike As BlackRock Amends SEC Filing: Analyst Predicts New All-Time High For King Crypto In Less Than 4 Months

Photo by a katz on Shutterstock


Engineered by Benzinga Neuro, Edited by Pooja Rajkumari


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!