watch
now
Investors
should
be
wary
of
bearish
strategists
who
opt
for
a
macro
view
and
instead
focus
on
individual
companies,
CNBC’s
Jim
Cramer
said
Monday.
“You
always
hear
about
missing
the
forest
for
the
trees,
but
when
you’re
picking
stocks,
it’s
just
as
important
not
to
miss
the
trees
for
the
forest,”
Cramer
said.
In
a
market
where
idiosyncratic
performers
are
plentiful,
following
one-size-fits-all
macro
advice
can
leave
investors
confused,
Cramer
says.
That’s
why
it’s
crucial
that
investors
focus
on
the
details
of
each
company
instead.
Cramer
pointed
to
outsize
performers
in
myriad
industries
that
would
have
been
written
off
by
those
same
bearish
strategists.
Investors
might
expect
that
industrial
and
homebuilding
stocks
would
be
suffering
given
the
continued
rate
hikes,
Cramer
said.
But
industrial
names
like
General
Electric
or
Cummins
have
done
extremely
well,
as
have
housing
stalwarts
like
KB
Home
and
Lennar,
Cramer
said.
It’s
a
similar
story
with
health
names
like
Abbott
Laboratories
and
Medtronic,
Cramer
continued.
Consumer
names
like
Campbell
Soup
and
PepsiCo
“all
look
great
right
now”
as
well,
Cramer
said,
to
say
nothing
of
big-cap
tech
names
like
Nvidia
and
Meta.
“Individually,
you
can
make
a
case
for
any
of
these
groups,”
Cramer
said,
“but
collectively,
the
mosaic
doesn’t
seem
to
make
any
sense.”
That’s
why
it’s
so
crucial
to
get
deeply
familiar
with
a
company
before
making
an
investment
in
it,
and
why
investors
can’t
rely
on
broader
macro
strategists
to
make
assessments
about
individual
stocks,
he
said.
watch
now
