🙃 Inverse Cramer Weekly Update – June 30
MONDAY JUNE 24
I’m a Lilly guy. I’m not gonna deviate for some young company that actually need a bit from Pfizer I would say. To go against Lilly is very very hard.
-On Viking Thera ($VKTX)
When the president said that it’s gonna pause LNG building until 2028, that just wrecked the whole story. Wes had a great plan, and if the president woudnt’t change his plan, Wes would go the whole way back. I don’t want to leave Wes here, he’s too great.
-On New Fortress Energy ($NFE)
Cava feels like it has the possibility of being a Chipotle. Even though I know it just had a big spike, I would not abandon. I would just look to buy more if it came down.
-On Cava ($CAVA)
Bristol Myers has good dividend, but it would take a long time to come up with good fruition. I think it’s bottoming, but that doesn’t make us all excited.
-On Bristol Myers ($BMY)
TUESDAY JUNE 25
I tend to not like the insurance, just because there’s so many different variables. I do like Chubb , but this fellow, Chris Swift, who’s coming, and fix Hartford deserve the premium that the stock is getting, and it could go even higher.
-On Hartford Financial ($HIG)
SMCI is like an Nvidia times 7 or a minus 7. It’s just too hard. Why don’t you just own Nvidia.
-On Super Micro Computer ($SMCI)
WEDNESDAY JUNE 26
I do a lot of work with neuro case. I’ll say this, if they can have something big the stock triples if they don’t it drifts down. I like that risk-reward but understand that it’s speculative.
-On Cassava Sciences ($SAVA)
I think it’s great. You know we own Danaher. Lantheus is terrific, I wish honestly that Danaher would just buy them. That’d be great news.
-On Lantheus ($LNTH)
THURSDAY JUNE 27
A lot of things I tried to look at, it’s one giant black box, except from the consumer product goods companies. So, I’m gonna have to say there’s other people better to ask.
-On Palantir ($PLTR)
GameStop raise enough money on the backs of the apes, the memes, the kitties, whatever, that they can reinvent the company. If they reinvent the company, you are absolutely right. They have such big war chest, they could just close all the bad gamestops and open up a nationwide ice-cream parlor.
-On GameStop ($GME)
I didn’t like the secondary offering. They price it at six and a half, are they desperate. That’s an active desperation. Don’t do desperation. Let’s eliminate desperation.
-On Recursion Pharma ($RXRX)
FRIDAY JUNE 28
Another company that does processes and packaging for electricity and distribution. All of these companies are on fire. This is a good one.
-On Powell Industries ($POWL)
It didn’t have a great quarter. We’d rather own TradeDesk, I like that.
-On DoubleVerify ($DV)
This is a really interesting situation. Let’s say I recommend that because it got the 9% yield, then it goes down, I have no idea what loans they have and what’s inside that company. So, I cannot recommend it even though it has a good yield.
-On Ares Capital ($ARCC)
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WEEKEND BONUS
That’s a wrap. As always, we’ll be following Cramer’s every move so you can do the opposite.
See you tomorrow,
-IC