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 October 30
They reported a disappointing quarter, and in this market, it stays disappointing. There’ll be no bounce, maybe next year.
-On Corning ($GLW)
Ever since David Cote got involved almost day to day, these guys have raised prices to where they know there’s plenty of demand. They put out the best product. I completely agree with you, I think it’s a buy.
-On Vertiv Holdings ($VRT)
Just hold on to it, they’re very shareholder-friendly.
-On Texas Instruments ($TXN)
Yes, it’s a buy. Merck is doing very very well. It’s one inexpensive stock when you look at what can happen, which may be the greatest-selling drug of all time.
-On Merck ($MRK)
Rally off of end of month, end of mutual fund fiscal year, decline in oil and no widening of conflicts
— Jim Cramer (@jimcramer) October 30, 2023
Tuesday October 31
No show — Halloween
Wednesday Nov 1
Another no show —holiday
Thursday Nov 2
The moment the deal came down, I happened to be on squawk, and I said ‘Buy Buy Buy’. I thought it was so great and I really love that monthly income that they give you. I still like it.
-On Realty Income ($O)
I like Kyndryl. They report next week. Martin Schroeter is doing a pretty darn good job. I bet he does a good number, 14 bucks goes higher.
-On Kyndryl Holdings ($KD)
I’ve got to tell you, I just don’t think it was as bad as down 40. I wish they hadn’t talked so positive at the beginning of the call, like hey you guys are total numbskulls or something. But I think it’s not worth down 40, it’s not that bad a company. Wowzah.
-On Confluent ($CFLT)
i cannot believe all the people who just a few days ago bailed on Amazon down to $117 and on Meta down to $289. Honestly, it is so important just to keep a calmer head and not just be swept up in the tsunami of selling by scared people who haven't done the work. Take a look at…
— Jim Cramer (@jimcramer) November 2, 2023
Friday Nov 3
Until the feds meeting this week and the bond schedule, I would have said don’t buy it. But now I think it’s incredibly undervalued because the fed may be done, and with 5% yield, count me in.
-On US Bancorp ($USB)
Sell the stock on Monday. I don’t trust the FTC and you’ve made the big money already.
-On Seagen ($SGEN)
First Solar is the only thing that I’m recommending because it’s a pure play. It’s not a play on financing, which it turns out all the others were and went by the wayside.
-On First Solar ($FSLR)
I don’t like National Fuel Gas, it’s not paying enough, and it doesn’t have the growth that I want. One Oak or Energy Transfer, they’re both superior to the stock that you own.
-On National Fuel Gas ($NFG)
Cramer Classic
JP Morgan did manage to stay out of prison though.
SBF never stood a chance pic.twitter.com/R2DgXLrTMT
— Not Jim Cramer (@CramerTracker) November 3, 2023
Weekend Bonus
This is a good omen! Inverse Cramer never fails 😂
— Elon Musk (@elonmusk) November 2, 2023
The weird thing is Cramer usually loves Elon..
Anyways, I love when Elon supports the cause
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 Percent
- Neither I nor the ALTS 1 Fund has any holdings in any companies mentioned in this issue
- This issue contains affiliate links to TradingView. If you click and sign up we get a few bucks.
