🙃 Inverse Cramer Jun 6
FRIDAY JUN 6
I know it looks cheap, but when I read what Mark Zuckerburg has to say, he’s talking about disintermediating ad firms. I’m afraid he’s too powerful, I’m not going against him.
-On Omnicom ($OMC)
I want you to stay in it. If anything, I’d like you to buy more. We don’t care where a stock came from, we care where it’s going to. I think it’s going higher.
-On Walt Disney ($DIS)
I like subscription businesses, I think that they work. But I don’t think they have the growth. So, therefore, I’m going to say, if you want a subscription business, I want you to be in Spotify.
-On Peloton Interactive ($PTON)
Walmart is stuck with this level. It’s gaining momentum, it’ll burst through. I think it’ goes to 110.
-On Walmart ($WMT)
This thing is breaking out. It’s going back up. The quarter was better than most people realize. They are integral to a lot of chatbots. I think Reddit is a winner.
-On Reddit ($RDDT)
That’s a wrap. As always, we’ll be following Cramer’s every move so you can do the opposite.
See you tomorrow,
-IC