Jim Cramer Says Barrick Gold (GOLD) Has ‘A Lot More Room to Run’

2 weeks ago 11

Fahad Saleem

Sat, Apr 26, 2025, 7:17 AM 4 min read

Aswath Damodaran from NYU Stern School of Business said successful a latest interrogation with CNBC that portion investors are “celebrating” affirmative results of a fewer large tech companies, the problems haunting these firms volition instrumentality a portion to amusement up successful their results. However, Damodaran, besides known arsenic ‘Dean of Valuation,’ said it won’t beryllium prudent to “give up” wholly connected Mag. 7 companies.

“They tin consolidate their advantage. In a weird way, again, each these troubles mightiness play into the hands of the Mag 7, due to the fact that the much troubles determination are, the much flexibility gets rewarded. And arsenic you pointed out, these companies are incredibly flexible, incredibly adaptable. We saw that with COVID, we saw that successful 2022 with inflation, and I’m convinced you’re going to spot it again. Doesn’t mean you load up connected the Mag 7, but if you’ve ne'er owned them, you had a accidental to bargain into astatine slightest 1 oregon 2 of them successful the past month. You mightiness person missed that chance, but the accidental was there. So I wouldn’t springiness up that easy connected the Mag 7.”

Damodaran said investors experienced a batch of “trauma” successful April. He argued against reactionary investing and said that erstwhile investors respond to regular events and quality cycles, they harm their portfolios.

“Maybe the champion happening investors could person done is near astatine the commencement of the month, gone determination without net service, and travel backmost astatine the extremity of the month. Because everything we bash is reactive, and often erstwhile you’re reacting to day-to-day events, you’re going to extremity up doing much harm to your portfolio than helping.”

READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.

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