“If you really want to beat the big institutions at their own game, you don’t do it with GameStop and AMC. You do it with fractional shares and you do it right,” the “Mad Money” host said. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6
Stock in GameStop and AMC found another leg to run on Wednesday, posting their strongest day of trading since an internet-fueled short squeeze sent their share prices to the stratosphere last month.
AMC shares closed 18% higher at $9.09 and GameStop more than doubled to settle at $91.70 weeks after a so-called “meme stock” frenzy cooled off. Retail investors got behind a basket of recommendations on the Reddit forum Wall Street Bets in hopes of exposing an unusually high short interest by hedge funds in a number of stocks.
While the rally was short-lived, CNBC’s Jim Cramer on Wednesday advised that young traders taking advantage of commission-free transactions on brokerage apps like Robinhood should rely less on speculative trades and get back to the basics of investing.
“If you really want to beat the big institutions at their own game, you don’t do it with GameStop and AMC. You do it with fractional shares and you do it right,” the “Mad Money” host said. “The $500 Club … is how you make real wealth.”
The comments come after the major U.S. averages also compiled their best day of trading in weeks. The Dow Jones Industrial Average added 424 points to reach a new closing high of 31,961.86, up 1.35% from Tuesday. The S&P 500 and Nasdaq Composite both closed about 1% higher.
While individual investors continue to take cues from Reddit to flood into stocks like GameStop, Cramer warned against the dangers of groupthink in the market.
“At the end of the day, this is not a team sport,” Cramer said. “Instead of chasing these risky meme plays, instead of getting impaled on a squeeze going wrong, why not try long-term investing?”
After the market closed, Cramer name dropped 12 proven stocks that are trading above $500, a price tag that is typically out of reach for investors who lack a lot of capital to put to work. Thanks to fractional shares, where a portion of a stock can be purchased, high-dollar stocks like Amazon or Chipotle may not be too far out of reach, he added.
“Some of [these stocks] are still off their highs, even after today,” the host said. “I want you to pick three and start buying.”
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So you are basically calling us broke investor who should only play with Fractional Shares, your basically saying we cant afford a full share.. GFY AHOLE Cramer…💎🙌🦍🦍🦍🚀
Jim Cramer is a clown. Don't listen to this guy. Buy GME and AMC, and squeeze them hedge funds out of their positions.
What do y’all think about Ally as an investment
Tesla is crap 💩
sure I will take recommendations on how to beat big institutional investors from a former hedge fund manager
made 209k on gme, sold
he's not wrong, he just doesn't like betting.
UP 20,000 NOT LISTENING TO YOU LOL
"Morning Friends, I'm just trying to make
youwallstreet buddies some money." – Jim CramerBB and NOK stock options cheap to grab
"If you really want to beat the big institutions at their own game, you don't do it with GameStop and AMC. You do it with fractional shares and you do it right," Has to be most institutional shill sentence ever spoke on TV. Yes lets listen to the institutions about how to beat them and not take advantage of borderline illegal behavior by said institutions
Sounds like he's going to cry when he talks about the young people buying meme stocks
You’re a fool if you think nvidia is going to do well they’re already getting backlash for their gpus try AMD they’ve been getting better publicity and better product
"They gotta be like Invisalignists"
Stocks are good but I swapped and invested in Forex and Bitcoin trading I've been making good profit
why is jim cramer complaining, the work force finally gets some money instead of one guy who sits on a chair all day.
All I hear is buy more GME
Stark Industries!!!
even broken clocks are right twice a day
Buy buy buy buy buy buy buy buy buy buy meme stocks? You got it Jim, I'll buy another fat scoop of GME
I like the stock.
Very educational video, I think I'll buy some more GME
Tesla is a joke they dont even make 10% of the vehicles that GM Ford Honda Toyota make and the big 2.5 and the JDM majors will fix there product offerings Tesla cannot compete and yall speculators and will get annihilated. Buy GM they will resurge Cadillac is going full electric and GM has the facilties and capital to remake there entire portfolio. Ford and Toyota as well. Elon is going to die a death of a thousand cuts
I only heard buy more GME and AMC
Thanks now I'm all in on PLTR
video starts at 1:25
Don't worry i'll be buying into my index funds….aaaand buying up GME. 😀
Lol you idiots buying GME and AMC are morons and will lose your money 😂😂
he's right if the nation prospers for years to come.
As a user daily of ServiceNOW can't express this enough. The platform and interface is fantastic.
Got it, 500 stock, so buy more $GME?!?
Will do!!!
just bought 2000 DOGE coins for so cheap going to love when this bounces back.
just bought 2000 DOGE coins for so cheap going to love when this bounces back.
just bought 2000 DOGE coins for so cheap going to love when this bounces back.
Millennial here. I am currently holding 13,500 shares of AMC that I intend to hold for the foreseeable future. I purchased at $5.60. I care more about ruining hedge funds who bet against struggling businesses. AMC to the moon!
He is completely right. My portfolio has a bunch of fractional shares and I've made good money on them and they continue to go up. Cheers Jim for this video. Good one!
Most people don't understand the concept of "buying the dip" buying the dip is all about buying digital assets when their prices are down and selling off when the price rises. Holding is profitable, although is far more profitable. I was able to grasp the knowledge of trading crypto assets early enough, but i was still limited due to lack of technical understanding of how to anaylse the digital market, all that changed when i encountered Corey Wyatt services., although i been into numerous services but Ivan wright stands out with experience and expertise playing in his favour. I must confess it wasn't an easy task to learning the routes on trading but with the assistance of Corey it was more easier to understand, Here are his details on Gmail 📧 ( Coreywyattmaxtrade (a)gmiål,çóm ) and what's ✅ 🇺🇸 + 1. 9 .0 .1. 3. 2. 9. 9. 5. 8. 3 for his assistance on Strictly FOREX and CRYPTO CURRENCY related issues .let's stay positive and keep winning 💯
LOL buy GME
GenX to Jim: You're condescendingly explaining things Millennials know better than you do to your Boomer audience that appreciates your cheap shots. You're a fossil. That is all.
You can lead a horse to water but you know the rest…