(MENAFN) On Friday, Jan. 21, CNBC’s Jim Cramer checked the essential market performances for next week, containing a full page of corporate proceeds updates and a conference of the Federal Reserve’s policymaking branch.
The commentary made by the host of “Mad Money” took place following the Nasdaq Composite finalized its worst performing week since October two years ago, declining within 7.6 percent in the final five sessions.
He stated, if shareholders start showing interest in firms of his concentration in the revenues of the upcoming week, they may be “appropriately surprised at all the money these great American enterprises are making.”
He reported, “But as for the not-so-great American enterprises, like the SPACs or most of the recent IPOs, they’ll be stuck in the house of pain for the foreseeable future.” He added, “We don’t know what’s going to cause the market to turn around. I am saying if you buy great American companies, not junk, you tend to do pretty well historically.”
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