Welcome to Inverse Cramer by Alts.co: Tracking Jim Cramer’s stock picks so you can do the opposite 🙃
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Table of Contents
Monday Aug 14
The only way you’ll be able to plug in is if you think someone would engineer a short squeeze here. I gotta tell you that’s not a great way to own a stock. Those numbers are terrible. I say ‘stay away’.
-On Plug Power ($PLUG)
This Alex Chriss is a real deal. I happen to like him very much. It’s time for Dan to step down earlier, I wish him very well. I don’t want to own the stock. I prefer the stock of Mastercard and Visa over Square and PayPal.
-On PYPL ($PYPL)
They report tomorrow. It could be good, but the stock went down last time on a good number. But I like the stock very much
-On Holding ($ONON)
93% of his entire portfolio in puts pic.twitter.com/kFybkMq1p1
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) August 14, 2023
Tuesday Aug 15
No, I actually think it’s a bit more like a short squeeze. They’re not making any money. And it’s one of those situations where it could go higher but not for any fundamental reasons.
-On Opendoor ($OPEN)
It does a lot of sustainable energy, you would think it is gonna be as good as Constellation, which is the CEG kind. But no, the money is coming out of NE and going to Constellation. It should reverse itself, but it’s not going to do it necessarily soon.
-On NextEra Energy ($NEE)
No, they’re losing too much money. It’s a commodity business. I do not want to touch it.
-On ChargePoint ($CHPT)
Wednesday Aug 16
No, c’mon, men. I know it’s speculative, but jeez it’s just so high. It’s nay.
-On Evolv Technology ($EVLV)
Jimmy Chill don’t touch that thing. That thing is a blank check company. I’m gonna have to take a major no, hard pass on that.
-On Digital World ($DWAC)
It did screw up. It had a problem with one of its manufacturing, taking the stock down 10 points. I think it’s time to buy.
-On RTX (RTX)
No. Payment processing, I’ve had it, even though it’s profitable. I don’t want anything in payment unless it’s Visa or Mastercard.
-On Paysafe ($PSFE)
We have no idea what Prospect Capital owns. We can’t do it. I know it has that big yield, but we have no idea what’s in it. We’ve gotta say ‘No’ to that for your child. How about a good drug company?
-On Prospect Capital ($PSEC)
https://t.co/mgIrU70eZu pic.twitter.com/fmfAIwGWkB
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) August 16, 2023
Cramer’s least favorite investing tools:
- TradingView – Super charged super charts
- Benzinga – Actionable trading ideas. Real time news
- Acorns – Invest spare change, invest while you bank, and earn bonus investments
Cramer’s least favorite investing newsletters:
- Transacted – Join 25,000+ IB, PE & VC pros staying on top of the latest deals and trends
- Bullseye Trades – Get free daily hot stock trading ideas, learn new option strategies, and gain market insights
- Market Briefs – Insights regular investors can use to make savvy moves
Thursday Aug 17
Salesforce is going to have its big dreamforce meeting. I’m gonna go out there and see it. The capital trust owns it as you know. We’ve owned it forever. I understand that every high stock is coming down. I like Salesforce and I’m not backing away from it.
-On Salesforce ($CRM)
We’re not gonna recommend any airlines right now, other than Delta. We’re cutting back on discretionary span because we’re getting a little nervous and people themselves are getting nervous because of how bad the stock and bond market is.
-On American Airlines ($AAL)
They’re the dominant player, they’re the number one. The only problem obviously is the market is bad. The stock went up huge, the company is great, it’s doing incredibly well making real money. So, therefore, I say buy some.
-On DraftKings ($DKNG)
The stock is wrongly priced. We cannot believe how poorly this stock acts. I’ve been wrong in my career but there is no reason for this stock to be selling this low. I think it’s a terrific company, MRIs are going to be needed.
-On GE HealthCare ($GEHC)
Yeah, it’s got this 3% yield. They’re doing a great job. I’m not worried about Coke a lot. I’ve like 400 other stocks to worry about than Coca-Cola.
-On Coca-Cola (KO)
Wow pic.twitter.com/H5i07DUPor
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) August 17, 2023
Everyone is talking about Burry's massive short position but not about his longs
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) August 17, 2023
He added to his private prison holding and is quietly building a bullish Japan stake pic.twitter.com/DqyCjVVZT8
Friday Aug 18
No show
Cramer Classic
After loving PayPal at $200, $225, $250, and even $300
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) August 14, 2023
Jim has officially thrown in the towel at $63: "I don't want to own the stock" pic.twitter.com/7tK3dzavek
Weekend Bonus
MONEY pic.twitter.com/EXBs7MERpW
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) August 12, 2023
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
Disclosures
- This issue was sponsored by our friends at Glide
- Our ALTS 1 Fund has no holdings in any companies mentioned in this issue
- I am long $PYPL and $CRM
- This issue contains affiliate links to TradingView. If you click and sign up we get a few bucks.
