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Inverse Cramer Weekly Update — Oct 29

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

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Monday October 23

Like the car, sell the stock (Sell, Sell, Sell). What can I say.
-On Fisker (​$FSR​)

No, no, it sells at five times its earnings. I mean something is wrong, obviously, people are very worried about credit and cars but boy I’m not gonna tell you to sell a stock that sells five times its earnings even though it means it’s not gonna make the estimate.
-On AutoNation (​$AN​)

I’m not saying it lost its way, I’m saying I don’t like the big pharma stocks. They don’t have the pipeline they once had, I will not push it, never buy a drug stock just for the yield.
-On Bristol Myers (​$BMY​)

Tuesday October 24

It’s okay. The stock is down a lot. We own Wynn for the capital trust. I think that is the better one to own.
-On MGM Resorts (​$MGM​)

I remain a stalwart for T Mobile, I continue to believe that T represents to be the best buy in that group.
-On AT&T (​$T​)

Yes, buy some more. It’s in the right sector, It’s going higher.
-On Leonardo DRS (​$DRS​)

I’d rather just own Bitcoin. I like a straight away to buy something, I just do it.
-On Marathon Digital (​$MARA​)

Wednesday October 25

I like Rivian, but it is losing so much money that I think that they have to do more financing than they’ve done. We’ve got to wait for second financing before we pull the trigger.
-On Rivian Automotive (​$RIVN​)

SLB has had a remarkable quarter. I would buy some here, buy some a little bit lower. Oil reverse was 82 and went up to 85. This company had a great quarter. BTW, Halliburton is great too, make it a twofer.
-On SLB (​$SLB​)

It’s an expensive stock. In this market, we have to be very very careful because stocks are being divorced from fundamentals. And anything too expensive, it becomes in the thrall of the bond market. That’s the problem with AEHR.
-On Aehr Test Systems (​$AEHR​)

PSA yields 5% so it’s trading like a bond. If interest rates go to 6%, it could go down another 15%-20%. I want you to wait until 200, which means your next buy will be meaningful and not until then.
-On Public Storage (​$PSA​)

It’s an interesting spec. If the notion is nothing but a spec, then I think you’ll be fine. But if you think it’s a sort of some investment great piece of paper, I’ve got bad news for you, it ain’t.
-On Hawaiian Electric (​$HE​)

Thursday October 26

Can’t be that positive about it. It used to be a restaurant business, now it’s called a football business, where we just rip out a toast to put in another guy. Point of sale is not a good business.
-On Toast (​$TOST​)

CVS in the end is a retailer that has a healthcare business. Retailer means theft. Have you been to CVS lately, but you’ve got to like have that master key to get a Gillette razor blades, that’s not my way of shopping.
-On CVS Health (​$CVS​)

Editor’s Note: CVS has had razor blades behind locked glass since 1997.

Good company, good company, I like that company. I think you’ve got horse sense, I’d be a buyer of that.
-On Canadian Natural (​$CNQ​)

I think that PE is a red flag. I’ve got so many other good oil companies, including Corterra, which we bought more today for the club. I want you to stay away from HF Sinclair, I’d rather see you in Chevron. which is really getting clubbed here.
-On HF Sinclair (​$DINO​)

Friday October 27

Stay in love. It’s a great situation. They are the AI that I think still works. But understand we have a really bad market going on here.
-On Super Micro Comp (​$SMCI​)

This keeps going down. It’s probably PE-driven at this point. Stocks that are breaking down in this market just don’t stop until they get to single-digit levels.
-On MDU Resources (​$MDU​)

I just suffered through a torching with Ford. Do I really need to have a twin bar with GM, I’m gonna take a big Kingsford pass.
-On General Motors (​$GM​)

No, that is the most speculative. I’d tell you, this is a landing craft that goes up on a vertical takeoff. I mean honestly, let’s just buy Boeing.
-On Archer Aviation (​$ACHR​)

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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 ​BV Capital​
  • 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.

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