Jim Cramer says Wall Street is punishing the wrong tech stocks
- ID
- 40988
- Status
- summarized
- Published
- 30 Oct 2026, 7:00 AM
- Fetched
- 30 Oct 2026, 7:56 AM
- Provider
- CNBC Technology
- Category
- technology
- Original URL
- https://www.cnbc.com/2026/10/29/jim-cramer-earnings-guilt-by-association.html
- Source URL
- https://www.cnbc.com/id/19854910/device/rss/rss.html
Summary
- Score
- 2.0
- Created
- 30 Oct 2026, 7:56 AM
- Tags
- Audience
- saas_founders
What happened
In a CNBC "Mad Money" segment published Oct 29, 2026, Jim Cramer argued that Wall Street over-punishes entire sectors when one company posts weak earnings, calling it "guilt by association." His example: Fortinet's disappointing quarterly results the prior day dragged down Palo Alto Networks and CrowdStrike, which Cramer said are buys. The piece notes the Nasdaq Composite fell 1.4% that Thursday while the Dow and S&P 500 each slipped 0.4%, snapping a three-day winning streak.
Why it matters
This is stock-picking commentary about equity prices, not a product, policy, or platform change. There is no version number, price change, API, or regulatory detail here that a developer, AI learner, or SaaS founder would need to act on. The only concrete numbers are index moves (Nasdaq -1.4%, Dow and S&P -0.4%) and the Fortinet-to-cybersecurity-peer read-across; nothing in the text says anything about Malaysian or Southeast Asian markets, cloud, telco, payments, or startup funding. If your SaaS startup's fundraise or runway planning is sensitive to public-market sentiment, the takeaway is only that cybersecurity share prices moved on a peer's earnings — a weak and indirect signal.
Discussion angle
Worth a brief mention at most: does a one-day sector selloff on a peer's earnings ever change anything practical for founders raising or budgeting, or is this purely an investor story with no builder action? Use it as a 2-minute 'not for us' item and move on.