Jim Cramer has some advice for investors listening to their market gurus, and he weighs in on how markets are doing with the slew of earnings that we've received and what he thinks of the reported offer Apple (AAPL - Get Report) made Intel (INTC - Get Report) for its smartphone modem chip business.
Don't Listen to Your Market Guru
In his Real Money column Tuesday morning, Cramer had some advice for investors who are listening to market pundits and basing their trades off of them. Cramer's take? Make up your own mind.
Here's a snippet of what Cramer has to say about those who are following the words of a market pundit.
"I am simply saying that once again we listened to a guru -- a word I hate -- and the guru was full of sound and fury, but signifying nothing having to do with the stock market. Yet, I think he caught and amplified the zeitgeist, which made you very negative on stocks," he wrote.
When asked whether or not investors who are more focused on talking heads than doing their own homework should be in the market, Cramer had a firm, "no."
So there you have it, folks.
Apple & Intel
Apple is reportedly interested in buying Intel's smartphone-modem chip business for around $1 billion.
The news broke Monday night after the markets had closed.
And yet, Cramer isn't so sure that an acquisition is on the table. Instead, Cramer thinks that the deal may be more geared towards patents.
Snap Ahead of Earnings
Real Money Stock of the Day Snap is set to report earnings after the bell Tuesday.
The company is up a whopping 156% year-to-date.
Cramer's got some ideas for how the stock can continue its rally.
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