🙃 Inverse Cramer Oct 18
FRIDAY OCT 18
It trades with the whole group, and the group is actually trading very, very well…You’re in good shape with ET.
-On Energy Transfer ($ET)
Tim Wentworth is really an excellent CEO. The bad news is you’re up against Amazon. I’m a a believer in Tim, I really hope it works. But that is a one tough spot he’s got himself in.
-On Walgreens ($WBA)
It’s the only one we own. It’s the one I feel most confidence in. Why? It’s half oil half gas and it’s the lowest producer oil and gas in the world. It can make money even at these levels. I think you buy the stock.
-On Coterra Energy ($CTRA)
This is a very tough situation because all of cosmetics are in a downturn that is so staggering that it caught everybody by surprise. I don’t want to make a single call on a group decline. I do think that, when they come back this one will come back faster than all of them.
-On Elf Beauty ($ELF)
That’s a wrap. As always, we’ll be following Cramer’s every move so you can do the opposite.
See you tomorrow,
-IC