Welcome to Inverse Cramer by Alts.co: Tracking Jim Cramer’s stock picks so you can do the opposite
Table of Contents
Monday, Apr 29
That is the best of the pot stock. You’ve got to understand, cannabis is actually a big piece of its own. We don’t think it’s worth all that much but we do think it’s the best of that line.
-On Canopy Growth ($CGC)
Illumina is a good company but it’s not well run. That’s why I’m recommending Danaher which is better run. They acutally have the same kind of science, which is gene sequencers. I don’t want to own a company that’s poorly run, because the stock gets hurt.
-Illumina ($ILMN)
Very inexpensive stock, less expensive than Citi. I do prefer other banks. Big ones aren’t my favorite, less put it that way.
-On Bank of America ($BAC)
Morgan Stanley put out this ‘incrementally more bullish’, it was the name of the piece today about Palo Alto, and I thought it was exceptional, more reasons to buy. Big position from our trust (Buy, Buy, Buy), we’ve bought from the hit. I would be a buyer of Alto Palto right here, right now.
-On Palo Alto Networks ($PANW)
Weirdly the bonds didn't react to that Treasury news. Then again the bond market was expecting $250 billion and the Treasury expects to borrow "just" $243 b. So should have been benign…
— Jim Cramer (@jimcramer) April 29, 2024
Tuesday, Apr 30
Its digital platform is working. It is doing fantastic. Jeff Green, remarkable job, but a lot of people prefer Google. So even though it’s a very inexpensive stock, it is a good stock. I would not sell it. I’m more inclined to buy it in the $80 level.
-On Trade Desk ($TTD)
I like Delta very much, and United too, they are both good. Now remember, they are an inexpensive stock but they trade widely.
-On Delta Air Lines ($DAL)
But they promise to only use it on the ULTRA wealthy, right? Right? https://t.co/m64o3rIW1J
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) April 30, 2024
Wednesday, May 1
You’ve got to ring the register there my friend. You’ve got a winner. You’re a winner, you’ve got the chicken dinner.
-On Matterport ($MTTR)
I’m a believer of their product. I think it’s a buy (Buy, Buy, Buy). I will not mess around. I think you buy more.
-On Nextracker ($NXT)
If Trump wins, they probably roll back in a least polluting as possible, that’ll be good. More importantly we need a buyback from Ford. Until we didnt get that, we won’t get nothing.
-On Ford ($F)
Bull thesis for Boeing is that nobody can ever talk bad about it and live https://t.co/ZXwhg4mqhA
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) May 2, 2024
Thursday, May 2
That high yield tells me that it’s a little bit riskier that people would like. I think the feds is going to lower rates so I think it’s gonna work for you.
-On Onemain Holdings ($OMF)
I like GM very much, it’s inexpensive (Buy, Buy, Buy), i think you’re in good shape there.
-On General Motors ($GM)
It’s a very good regional bank. It’s got good numbers and very conservative. I think you’re in good hands with that one.
-On Heartland Financial ($HTLF)
Friday, May 3
Last quarter is good. I’m gonna go with it. I know it’s a little bit uneven last year, but it’s been a great long term horse.
-On HCA Holdings ($HCA)
This is an interesting stock because right now it’s a play on natural gas distribution. It’s got nuclear but it’s natural gas, and believe it or not, it’s very strong. I think the stock is a buy, but it may not be the environmental play that people think it is.
-On GE Vernova ($GEV)
If it weren’t for the fact that I fear government investigation, i’d say buy buy buy because they really own the problem. But i think that’s the problem, the government don’t want to own the market.
-On Live Nation ($LYV)
In January, economists were predicting up to 6 rate cuts in 2024.
— Kalshi (@Kalshi) May 1, 2024
After today's FOMC meeting we'll be lucky to get one.
But this comes as no surprise to anyone whose been watching Kalshi's 2024 Rate Cut Market.
It's been updating the deteriorating conditions in real time. pic.twitter.com/xHEi3ynAOQ
Weekend Bonus
The currency has been destroyed pic.twitter.com/UVPDJqpBsJ
— Inverse Cramer (Not Jim Cramer) (@CramerTracker) May 1, 2024
That’s a wrap. As always, we’ll be following ramer’s every move so you can do the opposite.
Enjoy the week ahead.
-IC
Disclosures
- This issue is sponsored by Portless
- Neither the author nor the ALTS 1 Fund has no holdings in any companies mentioned in this issue
- This issue contains affiliate links to TradingView. If you sign up we get a few bucks.