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Cramer says tech stocks could bottom one day after Nasdaq’s nosedive

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CNBC’s Jim Cramer said tech stocks could bottom Thursday, one day after the Nasdaq‘s 3.3% plunge on rising bond yields and Federal Reserve tightening concerns.

The “Mad Money” host said he’s glad there’s so much negativity in the market because as a stock picker for his charitable trust, there are many names on sale.

“I absolutely love that the stocks are all looking awful. I mean that’s what you want,” Cramer said, as someone who wants to buy low and sell high. “Some of these stocks are cut in half. I’m looking at stocks cut in half where they’re making money.” He added, reiterating his investing theme for 2022, “The ones not making money I’m still not interested in.”

Cramer’s remarks came…



Source cnbc.com

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