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Investors should stop fixating on how much a stock has already run and instead focus on how much upside may still remain, CNBC’s Jim Cramer said Wednesday.
“You can’t worry about where a stock’s been, just focus on where it’s going,” the “Mad Money” host said. “That’s becoming my watchword for this explosive market.”
His comments come as many of the market’s biggest winners — particularly artificial intelligence and data center stocks — continue to rally even after already posting massive gains this year. Cramer said one of the biggest mistakes investors make is assuming a stock has become “too expensive” simply because it has already moved sharply higher.
“The lesson here is that if you think a stock’s headed higher, don’t use where the stock has come from as an excuse not to buy,” Cramer said.
