Jim Cramer explains why he will not recommend Ford until the company puts up more than one good quarter.
CNBC's Jim Cramer took a call from a viewer about the stock of Ford, one of the iconic Big Three automotive companies that calls metro Detroit home."I'm not gonna recommend Ford. They are such a show me situation," he said."They absolutely, absolutely, absolutely have to put up to get not one but two good quarters before I'll even think about recommending it to my viewers.
There are many advantages in owning stocks, but index funds provide the best market exposure, he said.Carvana has been on a hot streak. The stock is up about 7 percent this week, 70 percent in 2019 and 160 percent year-over-year. "When Carvana was reporting great numbers in the fourth quarter and its stock was going down, it was a fabulous buying opportunity," Cramer said."Now, though, we keep getting what I'd consider to be bad news ... [in a] scathing research report, a disappointing quarter, [but] the stock keeps going higher. At these levels, you know what I say [sell].
On the other hand, Cramer thinks Dell Technologies is in an interesting position. He noted the computer maker is carrying more than $50 billion in debt on $10 billion cash flow.
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