Yes, this market is just plain awful, Jim Cramer admitted to his Mad Money viewers Thursday. But over the long haul, the best way to make money, Cramer said, is by believing, not disbelieving, by owning stocks, not renting them, and by engaging when times get tough, not running and hiding.
Has Cramer become hopelessly optimistic? Over the short-term, perhaps, but the long-term trend for stocks is always higher.
You can make a fair and rational bear case for just about every stock right now. Apple (AAPL) – Get Apple Inc. Report could suffer from lockdowns in China more than expected. Nvidia (NVDA) – Get NVIDIA Corporation Report could suffer from a slowdown in gaming. Costco (COST) – Get Costco Wholesale Corporation Report could easily go the way of its rivals Target (TGT) – Get Target Corporation Report and Walmart (WMT) – Get Walmart Inc. Report.
But after the smoke clears, Apple has always been a long-term winner. Nvidia survived the bitcoin mining slowdown, and it can surely survive a gaming slowdown. And Costco has always reinvented itself and come out ahead of its peers.
That’s why Cramer said investors need to have conviction and not simply sell everything and go home. Over the long run, taking the pain and staying invested is the only way to succeed.
Executive Decision: Constellation Energy
In his first “Executive Decision” segment, Cramer spoke with Joe Dominguez, president and CEO of Constellation Energy (CEG) , the power generator that accounts for a full 10% of our country’s clean energy production.
Dominguez said that Constellation generates more clean energy than the next two utilities combined, thanks to its 23 nuclear facilities and hydro power plants.
The energy business has always been about balancing supply and demand, and renewable energy just can’t deliver power 24 hours a day. That’s what makes the next generation of smaller, modular nuclear reactors so exciting. They can meet America’s needs in a clean, safe manner. Our government needs to only get behind the new technology, Dominguez said, and help offset the initial construction costs
When asked about safety, Dominguez admitted that nuclear accidents have an outsized impact on public perception. Nuclear is still the safest form of energy today, and the next generation of reactors will only improve on that record.
Outlook for Defense Contractors
No one likes being a war profiteer, but the war in Ukraine has fundamentally changed the outlook for America’s defense contractors. The impact of the war extends deep into Europe, and beyond, …….
Source: https://www.thestreet.com/jim-cramer/cramers-mad-money-recap-may-19-2022