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Inverse Cramer Weekly Update — Oct 8

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 2

No, if you like knock off, you want the Kirkland signature brand, which means you want Costco.

-On Perrigo (​$PRGO​)

Palantir is actually a real business. I was a little skeptical about those fellows. But here’s what I feel about them, they had a really good quarter and they actually lived up to their hype. I’m reluctant to say anything bad about them. So I say two cheers for Palantir.

-On Palantir (​$PLTR​)

You’ve got horse sense, I like them. The defense stocks have all come down too much. I’m going to tell you, I also like Lockheed Martin and General Dynamics, people should be looking at this group, it’s attractive to me.

On Kratos Defense (​$KTOS​)

Tuesday October 3

No, you’ve got to hold off T, they’ve got a lot of capital spending they have to do. I don’t like AT&T or Verizon, they have to refinance. They have a lot of problems, they’ve got too much bonds. Just trust me, they’re not the right stock to own when interest rates go down.

-On AT&T (​$T​)

Mastec is actually what you should be buying. They’re doing incredibly well with infrastructure money. I’m saying it’s a Buy, Buy, Buy. You buy small here and you buy on the way down.

-On Mastec (​$MTZ​)

I have to be in favor of natural resources. I like oil and gas. They have very inexpensive properties. It’s a good situation but be careful it’s up 30% from the year. But I think you can buy that one. It’s very very good.

-On Canadian Natural (​$CNQ​)

Wednesday October 4

Yeah, it’s a little too risky for me. It’s losing money. I do not like it. I don’t like these faux banks where there is too much risk.

-On Upstart Holdings (​$UPST​)

I’m not recommending it. I’m too old and I’ve seen too much disruption in my own life in tobacco for me to recommend it including to my family. I’m gonna take a hard pass on that one.

-On Altria (​$MO​)

I see that the company has a really huge move and then had a big pullback. But I think that Noto is a steady hands. I’m in favor of owning but not trading the stock.

-On SoFi Technologies (​$SOFI​)

Thursday October 5

I can’t be the axe because I did like the stock at higher levels. The company is making money, and I think it’s a great experience in the situation but I have been wrong.

-On Topgolf Callaway (​$MODG​)

Wrong? You?? Get out!

I’m concerned regarding Blackberry stock. I saw them trying to arrange the deck chairs on the Titanic, trying to spin off. I’m not a believer.

-On Blackberry (​$BB​)

No don’t buy more because you’ve got a good position. We have to wait for it to come down more because it sells by 97x earnings. It’s one of the few winners in this market where we have a lot of losers, but don’t buy it right now.

-On Spotify (​$SHOP​)

Friday October 6

I intended to say yes because I like Blackstone, but the problem is I don’t know what’s in the trust. So, therefore, it’s too much of a black box to me. I’m not gonna go for it.

-On Blackstone (​$BXMT​)

Jeff and I were both shuttering about that balance sheet. That is a balance sheet from Hades my friend, and we’re not gonna go with it.

-On Paramount Global (​$PARA​)

Cramer Classic

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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 ​CalTier​
  • Our ALTS 1 Fund has no holdings in any companies mentioned in this issue
  • I am long SOFI and Topgolf Callaway
  • This issue contains affiliate links to TradingView. If you click and sign up we get a few bucks.

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Inverse Cramer

Inverse Cramer

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