🙃 Inverse Cramer Weekly Update – Aug 25
MONDAY AUG 19
Datadog is a hugely fabulous company, and there are people trying to buy it for $20 billion. My problem is that enterprise software has too many people on it. I’m gonna reiterate. I don’t trust it yet, but it is a very good company.
-On Datadog ($DDOG)
It’s one of the best run companies in the world. The CEO is a dynamite, it’s a really good company.
-On KKR & Co ($KKR)
Not sure why we can buy it other than the big dividend. I’m sorry.
-On Nextera ($NEP)
TUESDAY AUG 20
As we get closer to football season, we’ve got to see a lot of people playing and betting on these games. It’s going to be very good for Flutter, which is a very well run company. I would actually buy the stock.
-On Flutter Entertainment ($FLUT)
Let’s ring the register on that one. Honestly, that’s the kind of thing that can’t continue.
-On AST SpaceMobile ($ASTS)
The financial techs has comeback in style, and Alex Chriss is a very good manager. That’s what driving us.
-On PayPal ($PYPL)
I’m not a fan. I’m so glad we sold it for the capital trust, and we never look back. Not enought well run management there. Good yield but we need more than that.
-On Crown Castle ($CCI)
Ever since it was $180, I’ve been saying Tesla is an up stock. I don’t really care what people say anymore. This man is now the master. It’s no longer just a car company.
-On Tesla ($TSLA)
WEDNESDAY AUG 21
This is one of those companies where you don’t really know what they own, and it has a high yield. I’ve been betrayed by many of these companies over time. They don’t work for me, so I always tell people not to buy.
-On New York Mortgage ($NYMT)
The problem is that this company doesn’t make money. I know we want to explore nuclear energy as a way to get cheaper power for the data centers, but I’m not going to recommend Nano as a way to do it.
-On Nano Nuclear Energy ($NNE)
IBM is doing a great job. Arvind Krishna is remarkable. He’s done so much good with IBM. I would hold onto it or buy some.
-On IBM ($IBM)
THURSDAY AUG 22
Micron bottom straighdown. It hung at $92 then bounce back all the way during the period of euphoria. Now it’s coming back down. I’d probably buy more at $98 or $99.
-On Micron ($MU)
It’s a very well run company that is totally pivoting and does very little metal bending. It’s a high tech company, I like Crane.
-On Crane ($CR)
We like Iron Mountain at 5% yield, we like it at 4% yield, now you’re starting to get very little yield, and you’re gonna require the growth. I suggest you actually sell some Iron Mountain. Take out your cause and let the rest run. That would be wise thing to do right here.
-On Iron Mountain ($IRM)
I think it’s terrific. It has that combination of high tech and defense that are the two very strong long term trends.
-On L3Harris ($LHX)
I think that Intel is getting whacked by AMD. I think it has nothing that can possibly lay a glove on Nvidia. I much prefer ARM Holdings.
-On Intel ($INTC)
FRIDAY AUG 23
No calls.
WEEKEND BONUS
CRAMER CLASSICS
That’s a wrap. As always, we’ll be following Cramer’s every move, so you can do the opposite.
See you tomorrow,
-IC