Earnings season is upon us yet again, leaving many investors wondering how to make their investments best work for them.
Naturally, many look to veteran investors for advice on how to navigate this time -- and that's why Jim Cramer is beloved by many for his advice (yes, even despite the burgeoning Inverse Cramer movement).
DON'T MISS: Jim Cramer Has Good Advice On How to Deal With Your Critics
In his latest episode of Mad Money, Cramer reviews a collection of different stocks, observing that even "hot" stocks like Eli Lilly (LLY) -) haven't really seen the bump they should despite their advancements, such as Eli Lilly's Mounjaro drug for diabetes.
While many investors are likely chomping at the bit to buy the next big thing, Cramer has a different strategy: Don't buy anything.
"Don't buy anything at all until the stock market gives you the chance," Cramer says. "The fat pitch you need to catch these winners -- but at your price at the right moment."
Cramer clearly knows this is hard advice to take.
"I know a lot of people can't restrain themselves. They want to buy ahead of the quarter. I have to tell you, I'm saying it right here right now, that's a sucker's game these days. So many stocks have moved up in this market that it might be hard for them to maintain the momentum even if the most amazing sales, earnings, forecasts, are given to you on the conference call."
However, if you simply can't wait, Cramer does mention one truly standout stock of 2023: Nvidia (NVDA) -), which he calls "an unstoppable force" thanks to its potential in the newly in-vogue AI race.
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