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Inverse Cramer Weekly Update — May 7

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Man, Jim has gotta stop talking about the banks…

First SVB, then First Republic, then First Horizon, and now Western Alliance. It’s just a never-ending stream of wrong calls.

Ah well. Gives us something to talk about.

Keep ’em coming

Monday May 1

I like them here with China coming back with 6% yields. Been one of my faves. I think you absolutely need to put on a position.

– On BHP Group ($BHP)

They’ve really been suffering from this whole run from other banks that aren’t nearly as good as them. The 4% yield in the stock here at $120 is ‘a good stock’. I don’t want to pound a table on any bank, as I don’t like the regional banks that much.

– On M&T Bank ($MTB)

Tuesday May 2

I think you let it run. And you are right 1st quarter was excellent. I was quite surprised. A lot of people were surprised. I would stay on that.

– On Sprouts Farmers ($SFM)

In the end it turned out that SoFi is not gonna be any different from other regional bank even though it’s kind of an online bank. Its trading to that cohort, and that cohort is absolutely nauseating.

– On SoFi Technologies ($SOFI)

Whelp, you know what to do.

Wednesday May 3

I like it. I think you should buy some now. If it drops to 4%, buy some later. If I want to buy 100 shares, I’ll buy 50 now and 50 later if it cracks to 4%.

-On Sempra ($SRE)

I think this is one of the most exciting new companies I’ve seen for a very long time. We’ve got a bad market with hurdles to go through before I’ll pull the trigger on it. But that is a great one and I like it.

-On On Holding ($ONON)

I’m not a big fan of the Chinese stock as you may know. But if I have to own one it’s them.

-On Alibaba ($BABA)

Thursday May 4

Ermenegildo is sure to be a benchmark of designer’s men’s wear. I’m wearing it now. The stock is going higher. It is undervalued in 12. I’m surprised it’s there. We’re gonna do a piece on that.

– On Ermenegildo ($ZGN)

I think AvalonBay has a tremendous shortage of product, and they know how to do it. I think it’s a buy.

-On Avalon Bay ($AVB)

Friday May 5

Very very expensive and hasn’t pivoted yet. Still losing money. It’s not my cup of tea.

– On Samsara ($IOT)

I like the devices very much. I’m gonna try it this weekend.

– On InMode ($INMD)

Cramer Classics

They look so pretty next to each other

Weekend Bonus

That’s a wrap. As always, we’ll be following Cramer’s every move so you can do the opposite.

Enjoy the week ahead.

-IC

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Inverse Cramer

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