🙃 Inverse Cramer Weekly Update – May 17
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MONDAY MAY 11
I think you have to hold it. I don’t understand how this thing could have fallen so fast. I know there’s a lot of competition. I don’t want to dump it here, but I can’t count on this to buy more.
-On Boston Scientific ($BSX)
It’s in the data center. It’s considered to be part of the cloud part of that wedding layer cake that I gave you, and it’s just also got a great defense contract. So it’s got the cloud and it’s got defense. What can I say? It’s a buy.
-On Nokia ($NOK)
They’re high growth companies that did not necessarily blow the doors off the number and are in retail. And because they’re retail, people feel that you can’t own retail because of the war. So this is definitely a hurt by war story. Until war ends, I can’t tell you to buy Chewy.
-On Chewy ($CHWY)
I don’t recommend buying these stocks up here. They’re all parabolic, and that’s going to be not good for the market.
-On Applied Optoelectronics ($AAOI)
Ford is very hard to own because they have warranty problems, and we have a war, and rates don’t seem to be going lower. So I’m gonna have to take a pass on that one.
-On Ford ($F)
I have to tell you, I am ready to roll Lilly, and I think it’s really, really good. I would love to sit down with anyone from Lilly and tell them how I feel, because I think it is a bull market for Eli Lilly.
-On Eli Lilly ($LLY)
You know, people forget Caterpillar is oil and gas, and we’ve been pumping a lot more oil and gas. Caterpillar is construction and infrastructure. We’ve been doing a lot of infrastructure. Caterpillar has engines that line up and make you get to be able to have the the electricity that you need, to be able to hit the gigawatt numbers that all these hyperscalers want. That means that Caterpillar is a buy. Good stock to end on.
-On Caterpillar ($CAT)
TUESDAY MAY 12
I’m going to grant you with that spec. I’m going to say that it has limited downside, but you just be glad that stocks stop at zero.
-On GoodRX Holdings ($GDRX)
The one thing I would tell you is the last time that oil was at these prices, Chevron was dramatically higher. But you do get a 3.8% yield, and they got great cashflow. I’m going to say pull the trigger, I like it.
-On Chevron ($CVX)
Here’s what you do with Vertiv, I think you got great orders. If you want to put a position on, you buy half and you wait for a decline. If it didn’t decline, that’s too bad. The stock is a tiger right now and I don’t want you to get burned.
-On Vertiv ($VRT)
You can’t buy it here. We just missed it. I just can’t put you in that stock after it just had a 52% move.
-On Sterling Infrastructure ($STRL)
WEDNESDAY MAY 13
There’s no Mad Money today.
THURSDAY MAY 14
We like SIMO. I know it’s moved a lot. What you do with these is you buy some and then you wait for a pullback.
-On Silicon Motion Technology ($SIMO)
You know, they have a problem over there in the Gulf. They have this big deal that they spent a lot of money on, and I have to hold off for now. I have to wait to see what happens in that area.
-On Wynn Resorts ($WYNN)
Pure spec. Understand you can lose everything or you could double on that one. I don’t know which it’s going to be and that’s the problem.
-On Design Therapeutics ($DSGN)
We like BillionToOne. I say buy it.
-On BillionToOne ($BLLN)
FRIDAY MAY 15
The problem with PureCycle is it’s losing a fortune. It almost has no revenue. I think you have to say no to that one.
-On PureCycle Technologies ($PCT)
That’s a pure spec that’s losing a fortune. You need to be very careful even though it’s a low dollar amount. Remember, it’s still a spec and it can hurt you.
-On Energy Vault Holdingds ($NRGV)
It’s up on a spike. I don’t know, it’s like a short squeeze, or whatever. It does makes money, but it’s a 90x earnings, so you have to be careful. We’re being careful because the market is switching in the way its valuing stocks.
-On Everspin Technologies ($MRAM)
This group, in particular, medical devices is being hated in this market. I do feel there’s not a lot of money to be made in this one.
-On Globus Medical ($GMED)
WEEKLY BONUS
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