UPST - 'Welcome Back To A Very Skittish Market' Says Jim Cramer Highlighting Importance Of Company Guidance Amid Volatile Market | Benzinga
Jim Cramer, the host of CNBC’s “Mad Money,” has emphasized the significance of a company’s guidance in the current market environment, stating that it can significantly impact stock performance.
What Happened: Cramer, in his recent show, highlighted the crucial role of a company’s future guidance in determining its stock’s fate, reported CNBC on Wednesday.
"Welcome back to a very skittish market, one where investors aren't interested in how you did, they only care about what you say you'll do in the future," he said. "So, if you aren't offering a healthy, sharply better-than-expected forecast, well, your stock is instant roadkill."
He noted that even companies with strong quarterly results, such as Walt Disney Co (NYSE:DIS), Datadog Inc (NASDAQ:DDOG), Uber Technologies Inc (NYSE:UBER), and Upstart Holdings Inc (NASDAQ:UPST), experienced stock declines due to less-than-ideal guidance.
Disney’s shares dropped by around 10% after its finance chief, Hugh ...