'Mad Money' host Jim Cramer explains Monday why he believes investors should wait to buy the stocks of companies that are reporting quarterly results soon.
CNBC's Jim Cramer on Monday recommended investors take a wait-and-see approach toward shares of companies that are about to report quarterly numbers.
"In this environment, it's always going to be fragile on the upside and easy on the downside, because the bears … have the upper hand. Just keep in mind you should never buy this market when it's up. That's a fool's game. I want you to wait for weakness like we had [Monday] before you ever pull the trigger," the "Mad Money" host said from the floor of the New York Stock Exchange, the show's new broadcast home.
As of Monday's close, IBM was one of only seven stocks in the 30-stock Dow Jones Industrial Average to be higher year to date. However,after the company reduced its 2022 cash forecast, even though its second-quarter results beat on the top and bottom lines.
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