🙃 Inverse Cramer Weekly Update – Sep 22
MONDAY SEP 16
Red hot stock but the cohort is red hot. I don’t think it’s done. I think it can go higher.
-On Nextera Energy ($NEE)
No growth. I don’t want to touch it. Too controversial. Too crazy. Let’s move on.
-On Herbalife ($HLF)
It’s probably a top 5 stock in the entire market. I like Microsoft.
-On Microsoft ($MSFT)
TUESDAY SEP 17
I like Pfizer here. I like the 5.6% yield, their cancer strategy, and what Dr. Bourla is doing. The answer is yes, buy more.
-On Pfizer ($PFE)
First Solar is a stock. I like that. Let’s throw in Nextracker. You’ve got to stick with Shug, NXT. It’s much cheaper than First Solar.
-On First Solar ($FSLR)
This has just been a merger from hell. I’m not into the stock; I’m not into the growth rate. I actually prefer—and I’m not jerking around—the stock of Disney, and that is saying something.
-On Six Flags Entertainment ($FUN)
Total winner. That is an amazing stock. It still has about a 3.3% yield. You can still make money on it. I know it’s up huge, but boy, talking about a housing shortage, talking about apartment complexes, it’s got them all.
-On Equity Residential ($EQR)
Moderna has been a big disappointment with all that money. I thought they would come up with it.
-On Moderna ($MRNA)
I don’t understand the short position because this is a very well-run company. It’s terrific and not expensive because maybe it’s been exposed to some oil and gas. I think Powell is a buy. I reiterate it’s a buy, and I think it’s an opportunity to buy it right now.
-On Powell Industries ($POWL)
WEDNESDAY SEP 18
I’m a believer in Charles Scharf. He happens to be a head coach who knows exactly what to do. He would never be fooled by the things you saw on the field Monday night. I think it’ll go higher.
-On Wells Fargo ($WFC)
Palantir is a cold stock. It is a meme stock. It has momentum because individual investors keep pilling into it. It is not even really a stock; it is a barometer of enthusiasm for some business that may or may not be doing well. I wish there were more to it.
-On Palantir ($PLTR)
We’ve been behind Poppe for 5 points and will not get off that horse. No way. That stock is a good one, rate increase or not.
-On PG&E Corp ($PCG)
THURSDAY SEP 19
You want to buy Viking. We’re not going to care about the day to day of what’s stock is being offered. What matters is this is a really fine company and it would do well for multiple years beause they have many ships coming in. Buy Vikings.
-On Viking Holdings ($VIK)
Gentex is closely related to autos, and autos has been hurt so bad. I don’t see a quick turn. We’re gonna need several rate cuts before they turn. I’m sorry.
-On Gentex ($GNTX)
It’s a good simple story. I like safety, I like survivability, there’s always room for it. I think it’s a good story.
-On Cadre Holdings ($CDRE)
FRIDAY SEP 20
I think Dominion Energy is a buy. We need cheap power. While everyone is buying all the companies related to nuclear power, sometimes you have to stick with the tried and true. Dominion is fine.
-Dominion Energy ($D)
I like Dutch Bros. I’m glad that they slowed their expansion. It’s kind of willy-nilly, and I hate to see that. That’s something that the bankers talk you into.
-On Dutch Bros ($BROS)
I need to see the financials file. I don’t want to go after a company, and then the next day, that company says they couldn’t put up their financials together. They get their financials together, and this stock is a very cheap stock, but I’ve got to be sure.
-On Super Micro Computer ($SMCI)
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