🙃 Inverse Cramer Weekly Update – Sep 15
Welcome to Inverse Cramer Weekly Update.
MONDAY SEP 9
I think it’s good. I’m surpised it’s this low. It’s very inexpensive. Let’s go for it.
-On AES ($AES)
Vertiv has come down enough. I’ve had it with the sellers. (Buy, Buy, Buy). They time to sell has ‘come and gone’.
-On Vertiv Holdings ($VRT)
The time to go in Hertz is still ahead of us. That stock really does me very concerned.
-On Hertz Global ($HTZ)
TUESDAY SEP 10
I’d rather see you in JPMorgan all the way down here. I still don’t understand the disparity between the book value and the actual stock, so I’m going to say no to Citi and yes to JP.
-On Citigroup ($C)
I know the company, and it’s the right spot. That company has come down with the so-called end-of-day data center. The data center is not over, nor is that stock.
-On Integrated ($IESC)
Hold it. That company is not a good operator, I can’t put any more money into that operation. If the stock goes up, then you can get a chance to sell it.
-On ADV Auto ($AAP)
This is not at the moment to own oil. It is finally catering because the demand was never there. I don’t understand why it’s up so much.
-On Exxon Mobil ($XOM)
WEDNESDAY SEP 11
This guy, Alex Chriss, seems like a miracle worker. I’m a buyer of PayPal.
-On PayPal Holdings ($PYPL)
I’m concerned about CVS. I do not like stocks that sell 7x earnings and have a 4.7 yield because it says you’re too bullish if you endorse it. Let’s just keep it on ice for the moment.
-On CVS Health ($CVS)
I’ve seen Home Depot dip, so I decided to buy it. We bought some more when it was down 7 today. Home Depot is good.
-On Home Depot ($HD)
Palantir is a cold stock, and I have nothing to say about it.
-On Palantir ($PLTR)
I am a buyer of Energy Transfer. I have historically not cared for the balance sheet – it doesn’t matter. It’s doing real good.
-On Energy Transfer ($ET)
THURSDAY SEP 12
It loses too much money, and when it starts to make money, even when it’s higher, I’m going to take a hard look at it. Companies losing a lot of money right now get no traction.
-On IonQ ($IONQ)
They’ve got unbelievable fishing equipment; Garmin is the real deal. We profiled it long ago, and this company has it going. You are dead right; it is going higher.
-On Garmin ($GRMN)
It is the only oil company we have left. We only want to own Corterra and nothing else in that group.
-On Corterra Energy ($CTRA)
Warren Buffet is destroying this stock daily. I think the stock snapped back when he sold so much it cannot hurt the stock anymore. It holds up rather well, given the fact it sells 11x earnings. That’s the one we want to be, and I like it.
-On Bank of America ($BAC)
FRIDAY SEP 13
That is incredibly incredibly good. This is a company that makes two-way radios, barcodes, a lot of government infrastructure, and just coins money.
-On Motorola Solutions ($MSI)
The lawsuits are meaningless. They file these lawsuits every time the stock goes down. Dominos itself did screw up. They didn’t know that they have a weak franchise that is missing its numbers overseas, and that causes people to think, ‘Wait a second, maybe they are not in control of their destiny as we thought.’ That’s why the stock is going down, which is a worry for me, too.
-On Dominos ($DPZ)
WEEKEND 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