Investors should take note of the downgrades analysts made on a collection of stocks, CNBC’s Jim Cramer said Monday.
Analysts made their calls on General Electric, Boeing, as well as Clorox, among others, which could signal what’s to come, he said. The Dow Jones Industrial Average shed nearly 84 points on the day, while the S&P 500 rose 0.1% to extend a seven-day winning streak as well as the Nasdaq moved up 0.2%.
Because the market has had an “incredible” run, many of these downgrades seem to be warranted as well as action oriented, Cramer said.
“You know my mantra: bulls make money, bears make money, although hogs … they get slaughtered,” the “Mad Money” host said. “I don’t want to be too greedy as well as in which rule has never gotten me in trouble, so we need to take these calls seriously. We always should focus on downgrades. They can be very meaningful.”