A number of outperforming shares have bucked macro traits

Investors should be wary of bearish strategists who choose to take a macro view and instead focus on individual companies, CNBC’s Jim Cramer said Monday.

“You always hear about missing the wood for the trees, but when you’re picking stocks it’s just as important not to miss the trees for the woods,” Cramer said.

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In a market where there are many idiosyncratic performers, following one-size-fits-all macro advice can confuse investors, says Cramer. That’s why it’s crucial that investors focus on the details of each company instead.

Cramer pointed to outsized performers in myriad industries that would have been written off by the same bearish strategists.

Investors could expect industrial and homebuilder stocks to suffer amid continued rate hikes, Cramer said. But industrial names like General Electric or Cummins have done very well, as have housing stars like KB Home And lennar‘ Cramer said.

It’s a similar story with health names like Abbott Laboratories And Medtronic, continued Cramer. consumer names like Campbell Soup And PepsiCo “Everybody’s looking great right now,” Cramer said, not to mention big-cap tech names like NVIDIA And Meta.

“You can argue for each of these groups individually,” Cramer said, “but overall the mosaic doesn’t seem to make sense.” That’s why it’s so important to understand a company before investing in it, and why investors can’t rely on broader macro strategists to make views on individual stocks, he said.

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