- CNBC’s Jim Cramer offered insights into the recent earnings season, noting that while the overall performance of sectors was positive, many stocks saw declines related to factors like high interest rates rather than poor company performance.
Reflecting on the earnings season, CNBC’s Jim Cramer highlighted the overall positive performance of sectors. He emphasized that the decline in many stocks was not a result of poor company reports, but rather concerns over rising interest rates.
Cramer mentioned some standout companies in the Nasdaq cohort such as Microsoft and Alphabet, emphasizing their positive results. He also discussed the performance of semiconductor companies like AMD and Intel, as well as the strength of healthcare and homebuilding industries.
Despite some challenges in specific sectors, Cramer expressed overall satisfaction with the earnings reports, indicating that the negative market sentiment may not accurately reflect the true economic situation.
Join the CNBC Investing Club now to get exclusive insights from Jim Cramer!
Disclaimer The CNBC Investing Club Charitable Trust holds shares of Microsoft, Alphabet and Apple.