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Inverse Cramer Weekly Update — Aug 6

Welcome to Inverse Cramer by ​Alts.co​: Tracking Jim Cramer’s stock picks so you can do the opposite 🙃

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Monday Jul 31

I’m concerned because that market has become very competitive. We should take a pass, there’s better places to go. I like Delta.

-On Spirit Airlines (​$SAVE​)

Last week, they had a study that didn’t turn out well. It drove the stock down. I think it’s taking a lot of fluff out of the stock, and therefore I like it, but it’s losing a lot of money.

-On Biohaven (​$BHVN​)

It has been a disappointment…there’s a gold ETF, and there’s also gold crypto soon. The stock is disappointing, and maybe there’s a better way to play gold.

-On Barrick Gold (​$GOLD​)

I think they could go to $70-$75. The quarter was good mostly because they have this tremendous AI that goes in conjunction with what Nvidia is doing… Wait for a pullback before you pull the trigger.

-On Marvell Technology (​$MRVL​)

The company is in a cyclical position when talking about steel. I think they’re doing better than people realize, but they know that Nucor is my favorite. Nucor is the way if you want to be in a steel company.

-On Cleveland-Cliffs (​$CLF​)

Tuesday Aug 1

We don’t want to buy a stock just for its dividends, but if it’s not growing. Verizon has lost its way. I don’t think its management is very crisp anymore. I don’t care where you bought it, I care where it’s going, and I think it’s going nowhere.

-On Verizon (​$VZ​)

It’s a very inexpensive stock. I like everything you said about it, and I’ll add to it the fact that it is going higher even though it’s up 30% for the year.

-On U-Haul Holding (​$UHAL​)

I think it’s a yawner. I don’t buy stocks that yawn. I read my books to yawn. I don’t think there’s anything there that’s exciting to me.

-On BP PLC (​$BP​)

Wednesday Aug 2

If it bounces, I want you to sell. I’ve got to tell you, That company has been a disappointment for so long. Go buy ​Linde​; that’s the hydrogen company that you want.

-On Plug Power (​$PLUG​)

I think you should hold it. Look, I think that they’re in great shape. The government these days doesn’t seem to want companies that are doing in that great shape. But the company is worth a tremendous amount of money. I don’t want you to get rid of it.

-On Live Nation (​$LYV​)

David Cote decided to get very involved in the exact bottom then he turned it around. HVAC got really really powerful, that I think even though it spiked huge today, I don’t want you to sell because there are more to be made.

-On Vertiv Holdings (​$VRT​)

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Thursday Aug 3

It’s a meme stock. It’s a controlled stock. It doesn’t have anything to do with what’s going on in the company. It’s got a very big short position. It can continue to go or not, just take a look at Tupperware, and you’ll know what I’m talking about.

-On Nikola (​$NKLA​)

They have a fantastic quarter. The opportunity is very vast because they have the lowest-cost producer of oil in our country, so I am a buyer of Pioneer at $229, we already have it in the trust.

-On Pioneer Natural (​$PXD​)

They had a quarter in which they get rid of high-cost inventory, and they are doing incredibly well. I can’t believe the stock is back under a hundred because I think you should (BUY, BUY, BUY.) We send out a lot of bulletins and Stanley Black was better than anything on Wall Street.

-On Stanley Black (​$SWK​)

It’s expensive. I know that everybody wants to buy anything involving any kind of semiconductor, I don’t like that. I want to hold off and let that group come in. The only thing that we’re buying right now is Advanced Micro. They had a great quarter, and it didn’t get what it deserves. It’s just too good a company.

-On Allegro Microsystems (​$ALGM​)

Friday Aug 4

No show Friday

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

Inverse Cramer

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