🙃 Inverse Cramer May 29
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FRIDAY MAY 29
The quarter was not good, so you’re in pure spec mode there. The revenues were okay, but the earnings were not there, so take it with a grain of salt that it’s moved up, because it was not a great quarter.
-On Clover Health Investments ($CLOV)
It’s packaging, but the right kind of packaging is semiconductor packaging. I do prefer Cadence though, and I like the burgeoning packaging division of Intel under Lip Bhutan, who used to run Cadence.
-On Amkor Technology ($AMKR)
My problem is this, that’s been a mortgage company. When I see these mortgage finance companies, I never know what they really own, so I never feel like I can give any good guidance. That’s why I do not recommend them, even though they have very big yields. Not for me.
-On Ellington Finance ($EFC)
Total spec because it loses money hand over fist. I can’t recommend it, but if you want to speculate with it, that’s fine.
-On BigBearAI ($BBAI)
That’s a wrap. As always, we’ll be following Cramer’s every move so you can do the opposite.
See you tomorrow,
-IC