TECH - Jim Cramer Stands By Nvidia And Eli Lilly Despite Market Dips Says 'Terrific Time To Take Some Profits' | Benzinga
Jim Cramer, CNBC’s market commentator, recently shared his insights on Tuesday’s market activity. He believes that stocks like NVIDIA Corp (NASDAQ:NVDA) and Eli Lilly And Co (NYSE:LLY), which experienced a dip, still hold growth potential.
What Happened: Cramer observed that despite the losses, these stocks have a lot to offer. He noted that these stocks have surged so much that they’ve become susceptible to market volatility, reported CNBC.
"The stocks that pulled back today have everything going for them, except that they've already run so much that they've become vulnerable," he said.
He cited Nvidia as an example, which saw a slight dip of over 2% by Tuesday’s close. This, he attributed to concerns about competition from Intel. He also mentioned Eli Lilly and Company, which fell by 2.6% on Tuesday. Cramer believes this dip is unwarranted, given the company’s recent announcement of starting construction on a new factory in Germany.
Cramer also suggested that tax season played a role in determining Tuesday’s market performance. He stated, “What a terrific time to take some profits of ...