Jim Cramer thinks sometimes stocks simply come down to supply and demand. When there is too much demand, a CEO can say anything and get away with financial murder. And when there isn't enough demand, nobody likes the CEO, no matter what is said.
Tesla CEO Elon Musk seems to think he can say whatever he wants and get away with it. Meanwhile, Apple CEO Tim Cookhas to watch every word out of his mouth, even though he repeatedly delivers on his promises. And Fitbit CEO James Park seems to think guidance is for idiots, Cramer said.
"James Park should be banned from making any projections. His stock would be a heck of a lot higher if he were," Cramer said.
While many headlines touted that Fitbit had a shortfall, Cramer says that was wrong. The quarter was actually better than expected. The guidance however, was just as strange as the previous quarter, where Park slashed projections dramatically and then beat those numbers on Wednesday.
"I think these numbers mean nothing to him. I mean, he cut the guidance for next quarter but then boosted the full-year forecast. My advice: just make the product and shut up," Cramer said.