🙃Inverse Cramer Aug 5
MONDAY AUG 5
I think they have long term staying power, short term they have cash flow problems. Let’s wait until it’s clarified yet, so let’s be careful.
-On Boeing ($BA)
There are two markets, data centers – people think they are slowing. EVs – they are definitely slowing. A lot of people feel coppers are in supercycle, I think they are wrong. I won’t touch this stock until it breaks through $38.
-On Freeport-McMoRan ($FCX)
I’m troubled by Delta even though it sells 6x of its earnings. I will take a real pass on Delta and look for other airlines if I have to.
-On Delta Air Lines ($DAL)
I’m not your guy for Philip Morris. I don’t recommend tobacco stocks; I never have, and I never will.
-On Philip Morris ($PM)
That’s a wrap.
As always, we’ll be following Cramer’s every move so you can do the opposite.
See you tomorrow,
-IC