🙃 Inverse Cramer Weekly Update – Aug 4
MONDAY JULY 29
You can buy some right here, or maybe when it breaks 40. The company is selling very inexpensively, and it’s a good one.
-On Bank of America ($BAC)
This is a solar play that is a very good company. It’s up a huge amount versus a lot of other stocks. It’s up 47% for the year. Please hold onto it. Do not sell it.
-On Constellation Energy ($CEG)
The problem with Meta right now is that it’s going up so much. People just sell Meta to buy a lot of stuff—small, medium-sized range. I don’t think that’s going to change, no matter what Mark Zuckerberg says. Just be aware that the stock is in a doghouse right now, and it could come out of it only if it gets cheaper.
-On Meta Platforms ($META)
TUESDAY JULY 30
I want to go on for this one for the long term, because they have a lot of great in-house companies. They’ll do very well. I like Blackstone.
-On Blackstone ($BX)
Lowe’s is the kind of stock that you should buy right here, right now, ahead of the rate cut cycle. I’ll pick some up tomorrow.
-On Lowe’s ($LOW)
No, just sell it. I’d rather go on DraftKings and do a parlay.
-On Joby Aviation ($JOBY)
There are two different things. Marvell the stock is probably getting hurt, but Marvell the company is doing a good job. I’d actually own the stock.
-On Marvell Technology ($MRVL)
WEDNESDAY JULY 31
There’s a gigantic secondary coming on. A lot of insiders stocks going and I don’t like that because the company is losing a lot of money. I do not want to be there.
-On Serve Robotics ($SERV)
It’s a very very good bank (Buy, Buy, Buy). I never understood why it’s cheap. I would be a buyer right here.
-On Bank of Montreal ($BMO)
Just go buy some (Buy, Buy, Buy). I wish I’ve been able to buy some today. I’m restricted from my capital trust. Can’t do it.
-On Advanced Micro ($AMD)
I like Royal Carribean more and I like Viking more.
-On Carnival Corp ($CCL)
Hanneke is doing a good job. One thing I would tell you is I’m not excited with the PCs yet. It could be a Christmas play, not so much now.
-On Logitech ($LOGI)
This is one of the winners of the year. It continues to win. This stock is just no quitting it. It has no quit. It’s just the best.
-On VistraCorp ($VST)
C’mon it’s ServiceNow for heaven’s sake (House of Pleasure).
-On ServiceNow ($NOW)
THURSDAY AUG 1
Jeff and I literally discuss pulling the trigger today and buy Wells Fargo. It’s down way too much. Wells should be bought right here.
-On Wells Fargo ($WFC)
Here’s what I would do. Tomorrow morning take out your cost basis and let the rest run. That way you’ll never give back anything. That’s the way to play it.
-On AST SpaceMobile ($ASTS)
There is a lot of political risks. I’m not going to overlook these risks, but I can tell you that they are a great company. I think that when all the smokes clears that Nvidia will have a lower price earnings multiple and you should buy Nvidia instead of Semi.
-On Taiwan Semi ($TSM)
It’s a very very good company-management solutions. I have never pulled the trigger and that was my bad. They are a really good company with a stellar reputation.
-On Tyler Technologies ($TYL)
When we see parabolic moves, we cut our position in half, we let the rest run. That’s what you will do tomorrow morning.
-On Lumen Technologies ($LUMN)
FRIDAY AUG 2
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