CNBC主持人吉姆·克雷默周四表示，一家公司的业绩令人失望，并不一定预示着整个行业出现麻烦。
CNBC's Jim Cramer said Thursday that disappointing results from one company don't necessarily signal trouble for an entire industry.
周四股市下跌，终结了此前连续三个交易日的上涨走势，投资者正在消化新一轮企业财报。道琼斯工业平均指数和标准普尔500指数均下跌0.4%，科技股占比较重的纳斯达克综合指数下跌1.4%。克雷默认为，投资者过于急于抛售那些与表现令人失望的同行股票关联在一起的股票，忽视了企业之间的关键差异，从而创造了潜在的买入机会。
Stocks fell Thursday, snapping a three-day winning streak as investors digested a fresh wave of corporate earnings. The Dow Jones Industrial Average and S&P 500 each slipped 0.4%, while the tech-heavy Nasdaq Composite dropped 1.4%. Cramer argued that investors are too quick to sell stocks alongside peers that are disappointing, overlooking key differences between businesses and creating potential buying opportunities.
“我的座右铭是：做好功课，了解公司到底是做什么的，”《疯钱》节目主持人说道。“这是从这些短期的‘连坐式’抛售中获利的唯一途径，这类抛售往往最终会自行消化。”他以网络安全行业为典型例子。Fortinet（飞塔）周三公布的疲软季度业绩拖累了Palo Alto Networks（派拓网络）和CrowdStrike（众击）的股价，尽管克雷默辩称，这两家竞争对手提供的网络安全平台更为全面。
"My motto: do the homework, know what the companies really do," the "Mad Money" host said. "That's the only way to profit from these short-term guilt-by-association moves, which tend to work themselves out." He pointed to cybersecurity as a prime example. Fortinet's underwhelming quarterly results Wednesday dragged down shares of Palo Alto Networks and CrowdStrike, even though, Cramer argued, both competitors offer more comprehensive cybersecurity platforms.
与专注于硬件的Fortinet不同，Palo Alto Networks和CrowdStrike提供更广泛的安全产品和服务套件。克雷默表示，Fortinet一直在向这两家公司失去市场份额，这表明其疲软反映的是公司特有的挑战，而非全行业需求的放缓。
Unlike Fortinet, which is hardware-focused, Palo Alto and CrowdStrike provide broader suites of security products and services. Cramer said Fortinet has been losing market share to both companies, suggesting its weakness reflects company-specific challenges rather than a slowdown in industrywide demand.
“它们的股票应该被买入，而非抛售，因为Fortinet的疲软并非网络安全行业放缓的信号；这只是Fortinet自身经营不善的迹象，”克雷默说。
"Their stocks should be bought, not sold, because Fortinet's weakness is not a tell about a slowdown in cybersecurity; it's just a sign that Fortinet itself isn't doing well," Cramer said.
他在企业软件领域看到了类似的错位现象，ServiceNow（ServiceNow）周三略微令人失望的业绩拖累了其他软件即服务（SaaS）股票，包括Workday（Workday）和Salesforce（赛富时）。Workday专注于人力资源和财务软件，而Salesforce提供客户关系管理工具及其Agentforce平台。
He sees a similar disconnect in enterprise software, where ServiceNow's slight earnings disappointment Wednesday weighed on other software-as-a-service stocks, including Workday and Salesforce. Workday specializes in human resources and financial software, while Salesforce offers customer relationship management tools and its Agentforce platform.
“我与Workday和Salesforce都关系密切，我可以告诉你们，这两家公司今天的下跌，与其说是自身原因，不如说更多是受ServiceNow疲软表现拖累，”他说。
"I am close to both Workday and Salesforce, and I can tell you that their declines today had more to do with weakness emanating from ServiceNow than anything having to do with the companies themselves," he said.
这种模式在科技板块其他地方也已出现。克拉默指出，Alphabet周三盘后令人失望的财报拖累了微软，尽管这家软件巨头交出了强劲的季度业绩。同样，三星电子周四给出的保守展望施压美光科技股价，“尽管美光的高带宽内存订单情况比三星强得多。又是一个买入良机。”“其中一些连累式下跌简直荒谬，”他说。
The pattern has emerged elsewhere in technology. Cramer pointed to Alphabet's disappointing earnings on Wednesday evening, which dragged down Microsoft despite the software giant's strong quarterly results. Similarly, Samsung's conservative outlook Thursday pressured Micron shares, "even as Micron's book of high bandwidth memory is much stronger than Samsung's. Another buy." "Some of these guilty verdicts are downright absurd," he said. Cramer's Charitable Trust, the portfolio run by CNBC's Investing Club, owns shares of PANW, CRWD, CRM, GOOGL, MSFT, MU. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Questions for Cramer?
克拉默慈善信托基金——由CNBC投资俱乐部管理的投资组合——持有PANW、CRWD、CRM、GOOGL、MSFT、MU的股份。
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