🙃 Inverse Cramer Weekly Update – Aug 18
MONDAY AUG 12
It’s a good lithium miner but it’s a business we don’t want to be in. I mean this is just an EVs, and they are not ready yet. We will stir clear about Abemarle.
-On Albermarle ($ALB)
This was a conundrum. They had some bad stuff to say today about their ability to continue, which ofcourse is not a problem. I’m not sure how they can handle the situation.
-On Hawaiian Electric ($HE)
I think Snap is not investable. They seem like an irrelevant company. It’s a tough judgement but that’s what I’m paid to do. .
-On Snap ($SNAP)
I think the company is doing well. The government is not crazy about their posture because they do so much business in China. AMAT is a buy.
-On ($AMAT)
That’s a business development company – I never trusted that. I don’t care, I don’t know what they own, I’m not recommending one. Actually, stir-clear for them and really help a lot of people doing so.
-On Main Street Capital ($MAIN)
TUESDAY AUG 13
It is a fantastic company. Very plain vanila copper products. Buy! (Buy, Buy, Buy).
-On Mueller ($MLI)
That thing is a juggernaut. It’s very low multiple and it helps a lot of businesses. I like it.
-On GoDaddy ($GDDY)
I think you buy Lockheed (Buy, Buy, Buy). I feel badly I didn’t buy it for the capital trust. You’ve got a winner there.
-On Lockheed Martin ($LMT)
Down here is too low (Buy, Buy, Buy). Betting against Michael Dell has never been a good idea. You should be buying the stock.
-On Dell ($DELL)
I don’t really know what they owns. It’s a middle market plays that I’ve got asked a lot about it. I told people to avoid them for as long as this show has been on, and I’m absolutely will not deviate.
-On Golub Capital ($GBDC)
WEDNESDAY AUG 14
I don’t like the foundries business so much. It turns out that the only people that know how to make them cheaply is Taiwan Semis. Taiwan Semis is the way to do it.
-On GlobalFoundries ($GFS)
Linda Rendle has done a remarkable job. She did not get a good hand. I like her. I’m a buyer of Clorox (Buy, Buy, Buy).
-On Clorox ($CLX)
I’m not recommending any airlines.
-On Delta Air Lines ($DAL)
My least favorite in magnificent seven. Why? They don’t run the company well.
-On Alphabet ($GOOGL)
THURSDAY AUG 15
The latest feedback I’m getting about Snowflake is they have some difficulties challenge by a couple of companies. I’ll hold off from recommending it.
-On Snowflake ($SNOW)
I always thought there’s gonna be more to this stock than there has been. It’s really been a bit of a bust. I thought it’s gonna have a bigger bigger yield and it hasn’t work out. It’s a so so situation.
-On Royalty Pharma ($RPRX)
Core Scientific is a very overvalued situation considering the fact that it haven’t made any money. It’s another play on crypto. If you like crypto, buy crypto.
-On Core Scientific ($CORZ)
Buy (Buy, Buy, Buy).
-On Ally Financial ($ALLY)
Royal Carribean – there’s the good news. Everytime that stock comes down, there’s thousand buyers come in. Everytime the Norwegian comes down, nobody cares.
-On Norwegian Cruise Line ($NCLH)
The problem in Baidu is if it were in any of the other 172 countries in the world, I’d probably say buy it. But it happens to be right now a communist regime pretending to be capitalist. I don’t buy any for the communist.
-On Baidu ($BIDU)
FRIDAY AUG 15
No calls.
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