🙃 Inverse Cramer Weekly Update – Oct 20
MONDAY OCT 14
You got to let it come in. It went down for a couple of days and it’s right back up. Put a half position on it and then let it come down. Because it had such an amazing rally.
-On Vistra ($VST)
UEC is the real deal. You’ve got to double or it doesn’t matter, it’s going higher. We need more uranium, it’s a great situation, I recommend it to all my friends.
-On Uranium Energy ($UEC)
I want to stay away from Halliburton. That’s too bad, it’s really great company.
-On Haliburton ($HAL)
TUESDAY OCT 15
Lilly has a very good Alzheimer’s formulation, and Lilly does have the edge on everybody else. Let’s leave it at that.
-On Cassava Sciences ($SAVA)
It’s held by Intel. I don’t know what to do with this – it’s too hard to tell. I’m gonna stay away from it.
-On Mobileye ($MBLY)
WEDNESDAY OCT 16
I like the prospects but you’re in it for the data centers, and data centers is excellent.
-On Oracle ($ORCL)
AbbVie is doing very very well. It’s not an expensive stock. My favorite in this group right now remains Abbott Labs, who has a monster quarter this morning.
-On AbbVie ($ABBV)
It’s a mini Palantir, so I think you should just go buy Palantir.
-On Core Scientific ($CORZ)
THURSDAY OCT 17
This is a pure spec it does to make money. I can bless it but you have to understand, it’s not making money anytime soon; so you’ve got to lose a lot of money.
-On Evolv Technologies ($EVLV)
The stock hit a all time high today, you’ve got to wait for a pullback. Everyone is so vicious and when they run away (Buy, Buy, Buy).
-On Vertiv Holdings ($VRT)
I have like this stock literally for hundred points. It’s got the best $11 meal in the country. It is still a buy even though it keeps getting higher and higher.
-On Texas Roadhouse ($TXRH)
Don’t buy the derivatives, buy the real. Either buy Bitcoin, or buy Ethereum. You can do do an ETF on Vanguard, if you want to do with that one.
-On MicroStrategy ($MSTR)
It’s no longer a buy. I would actually take some profits on that stock.
-On Iron Mountain ($IRM)
FRIDAY OCT 18
It trades with the whole group, and the group is actually trading very, very well…You’re in good shape with ET.
-On Energy Transfer ($ET)
Tim Wentworth is really an excellent CEO. The bad news is you’re up against Amazon. I’m a a believer in Tim, I really hope it works. But that is a one tough spot he’s got himself in.
-On Walgreens ($WBA)
It’s the only one we own. It’s the one I feel most confidence in. Why? It’s half oil half gas and it’s the lowest producer oil and gas in the world. It can make money even at these levels. I think you buy the stock.
-On Coterra Energy ($CTRA)
This is a very tough situation because all of cosmetics are in a downturn that is so staggering that it caught everybody by surprise. I don’t want to make a single call on a group decline. I do think that, when they come back this one will come back faster than all of them.
-On Elf Beauty ($ELF)
CRAMER CLASSICS
WEEKLY 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