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Investors Should Embrace the Jerry Jones Playbook and Think Long Term as Earnings Heat Up, Cramer Says

Bryan Bedder | CNBC

Jim Cramer on the set of Mad Money, August 18, 2022.

  • CNBC's Jim Cramer says investors should embrace the philosophy of Cowboys owner Jerry Jones by thinking long term and embracing headwinds, especially in a big week of earnings.
  • Big Tech giants Microsoft, Alphabet and Meta Platforms all report this week.

As one of the biggest weeks of the earnings season kicks off, investors should take a page from the playbook of Jerry Jones, the longtime Dallas Cowboys owner and general manager, CNBC's Jim Cramer said on Monday. 

Jones thinks big and embraces headwinds, Cramer said, and this week, especially, investors should play the long game and not be swayed by short-term worries.

"Ask yourself ahead of earnings: Are you one foot out the door already, because neither you nor management sees anything but short-term results and troubles?" Cramer said.

Google parent Alphabet and Microsoft are two stocks that investors should consider for their long-term value, rather than their immediate desirability, Cramer said. The two tech giants report after the bell on Tuesday. 

"I can't stress this enough, because there will be stocks — like a Microsoft or an Alphabet or maybe even a [Facebook parent] Meta Platforms, all of which report this week — and they have disappointed before and could do it again," Cramer said. "Can you steel yourself?"

The tech-heavy Nasdaq slipped on Monday as investors awaited the Big Tech earnings. Microsoft shed 1.4% and Meta Platforms also fell. Alphabet closed the day higher.

"Microsoft almost seems too easy, but remember, you aren't owning it for the present, you are owning that stock because its embrace of artificial intelligence might allow them to save their languishing search engine, Bing, and make it genuinely competitive versus Google," Cramer said. "I think they can do it, but you won't see it this quarter.

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