Kramer advises investors to sell shares of companies that don't make money

CNBC's Kramer said Thursday that investors should dump their shares to unprofitable companies a day after the Nasdaq entered correction zone.

Kramer said before the opening "Obviously, I don't think it's dangerous... Things can change. I still believe that if a company doesn't make money... You have to sell. ”

The moderator said earlier Wednesday that buyers should save their dollars when investing in what he calls "clown companies," sticking to his strategy of investing in profitable companies in 2022.

Cramer's remarks come after stock prices at tech companies have recently slipped. Especially for growth companies affected by rising bond yields. Rising bond yields have made it more expensive to borrow to expand your business.

Currently attractive stocks include Advanced Microcomputers, Microsoft and Cisco, which recently fell to their lowest prices in months, Cramer said.

Asked about the much higher-than-expected increase in the number of first-time jobless claims each week, Cramer said the coronavirus Omiljung variant had begun to "slow down many different things."

The Labor Department said Thursday morning that first-time jobless claims rose 55,000 to 286,000 in the week ended Jan. 15, the highest level since October last year.

Cramer said he was optimistic about where the market was headed despite the influence of Omicron, advising buyers not to sell the stock prematurely.

"Maybe we don't need to be so aggressive because we've already suppressed it in some way," he said. For God's sake, these analysts just want to give up everything. I don't want to be so negative. ”

However, Kramer also reminds people not to be blindly optimistic. "I never liked that 'wow, great, bad news' feeling... This means that the numbers will go down. ”

This article originated from the financial world