🙃 Inverse Cramer Weekly Update – Aug 10
MONDAY AUG 4
You’re fine with Tesla (Buy, Buy, Buy). It’s in transition from being a car company to being a technology company, and you want to be in there because the tech is worth a lot more than what it’s selling for right now. Don’t care where you bought it, care where it’s going to.
-On Tesla ($TSLA)
I can’t believe how poorly it’s doing. I’m not going to get behind it until we find out what the heck is really going on there.
-Accenture ($ACN)
The stocks acts better despite that bad news which I like. However, if they don’t get that warranty stuff down, it is just too tough to recommend.
-On Ford ($F)
If you believe in the company and you like shopping there. It’s got a good balance sheet, then you’re free to buy it.
-On Target ($TGT)
I like Snowflake. I think you can buy more (Buy, Buy, Buy). I think the quarter is going to be a very very good quarter.
-On Snowflake ($SNOW)
TUESDAY AUG 5
Palo Alto is a buy here (Buy, Buy, Buy, Buy, Buy). We were going to buy some for the capital trust. I think you have a good idea.
-On Palo Alto Networks ($PANW)
Tomorrow, I think Qualcomm goes up, and then I want you to (Sell, Sell, Sell).
-On Qualcomm ($QCOM)
You take out your cost basis, you sell your cost basis tomorrow (Sell, Sell, Sell), and then you can’t lose. You’re playing with the houses money and you’ll really crush it.
-On Robinhood Markets ($HOOD)
WEDNESDAY AUG 6
Salesforce is a little tough right now, because right now, the enterprise software companies are all coming down. I have not been recommending the stock hard. I want to see what happens with the quarter.
-On Salesforce ($CRM)
I believe in nuclear power, I believe in their strategy. Let’s be a little careful but I think it’s a good company, good stock.
-On Oklo ($OKLO)
I’m not a fan of QuantumScape, I don’t think they have the horses. I don’t like companies that continue to lose money.
-On Quantumscape ($QS)
No, that’s just too dicey for me. I may look like a radical but I’m not when it comes to money.
-On Riot Platforms ($RIOT)
I like the pullback (Buy, Buy, Buy), I’m surprised we’re even getting it. I want you to buy some.
-On Advanced Micro Devices ($AMD)
THURSDAY AUG 7
Here’s my thoughts on Boeing (Buy, Buy, Buy, Buy, Buy). Fair enough?
-On Boeing ($BA)
I’m going to steer you away from that stock and from that group, which is really a nightmare.
-On Lamb Weston ($LW)
I’d just say (Buy, Buy, Buy).
-On KeyCorp ($KEY)
FRIDAY AUG 8
There’s no Mad Money today.
CRAMER CLASSIC
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