🙃 Inverse Cramer Weekly Update – July 14
MONDAY JULY 8
KKR is the foremost, the other one I recommend is Blackstone. Those are the two I feel the most comfortable to recommend. I trust these people and know what they up to.
-On KKR & CO ($KKR)
I see Ferguson stuff everywhere. I think it’s a very very good company, but if you want HVAC then you’ve got to own Trane right here.
-On Ferguson ($PBR)
It had a very big run. I’ve got to tell you, it is coal base, I know the EO looks great, but I think you’re peaking in a coal cycle here. I am not gonna get in front of a peak of a coal cycle.
-On Alliance Resource ($ARLP)
Alibaba is the cheapest stock in the world, I believe. I think you’ve got to hold it right here. I’m not being aggressive, but you have to hold it.
-On Alibaba ($BABA)
TUESDAY JULY 9
Morgan Stanley moved too much. We own it for the capital trust. We don’t want to buy it anymore. The only one I would buy in that group is Wells Fargo.
-On Morgan Stanley ($MS)
I wanna buy Reddit. I’m gonna throw Reddit and Pinterest in. These are two stocks that people don’t realize the new channels that are working.
-On Reddit ($RDDT)
I’m so pro nuke that I’m going to speculate on it. That is one I’m fine speculating. I think it’s good but understand it’s a long-term situation.
-On Centrus Energy ($LEU)
I like Super Group when it started. I keep thinking it’s great entertainment and gambling company. I’m not gonna back away but it has done nothing.
-On SGHC ($SGCH)
I like Super Group when it started. I keep thinking it’s great entertainment and gambling company. I’m not gonna back away but it has done nothing.
-On SGHC ($SGCH)
Anything connected with China, whether be Nike, whether be Starbucks, whether be Wynn, they are considered losers by the market. I can’t change that perception until we start seeings things get better.
-On Wynn Resorts ($WYNN)
WEDNESDAY JULY 10
That is a terrific industrial company that making a really great move in the data center. I think the stock is going to $200. Dover is gonna be a big name for me in our monthly meeting for the club.
-On Dover ($DOV)
There are a lot of these high-tech companies that are fast growers. And a lot of companies that just became public in the last three years that really giving up big gobs while the stocks like Nvidia and Apple keeps going higher. I don’t want you to lose faith, but you have to understand, this is a concerted move of companies that have become public in the last 5 years all getting hit. Don’t panic, understand they’re coming down.
-On Cava Group ($CAVA)
I think the problem here is frankly that President Biden put a pause. I know the judges says no to that, but it put the whole multi-year plan under question. That’s why it’s going down.
-On New Fortress Energy ($NFE)
THURSDAY JULY 11
No lightning round Thursday
FRIDAY JULY 12
Nothing to inverse Friday
CRAMER CLASSICS
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