Stockchase Opinions

Jim Cramer - Mad Money Wayfair W-N PARTIAL SELL Nov 19, 2021

A good position going into the holidays, but a bad one going out. Take some shares off the table next week, then more the following week and see what happens. Actually, he prefers William Sonoma in this space.
$274.810

Stock price when the opinion was issued

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COMMENT
The Amazon of home furnishings. Tremendous growth. However, they have negative cash flow, funded by debt. He doesn't see positive cash flow for a couple more years. Continuing growth is getting difficult for them. But credit them for their phenomenal growth.
BUY
The pandemic saved this company. Around Valentine's Day it laid off workers, then the stock surged from $21 past $300. Thought it;s pulled back 15% it still trades with staying power. Buyers will continue buying online, a habit they won't shake.
SELL
An online furniture retailer, struggling as the world returns to normal. Their most recent quarter was terrible. A pandemic play. Can't turn this around. Sell. It's broken.
DON'T BUY
Did well in pandemic. Not making money, getting punished in this market. E-commerce is growing, but you have to have really low costs of operation. Will probably go lower. One of the leaders, look at it as they become profitable.
BUY ON WEAKNESS
Allan Tong’s Discover Picks Like Shopify, Wayfair has tumbled from its highs. Wayfair’s 52-week range is $28.11 to $163.99. On Monday morning, shares jumped $10 to $57.00 as volumes soared beyond 300% its daily average. Technically, Wayfair is a retailer, but it has acted like a tech stock. The pandemic fueled its e-commerce sales and shares into the stratosphere, but after Covid its shares have fallen back to Earth. What we’re seeing now is a bounce. JPM is saying, “Hey, W stock got oversold, the company is trimming costs, so it’s a cheap stock now.” Read 3 Promising Oversold Stocks for our full analysis.
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TOP PICK

Wayfair (nyse: w) offers an extensive selection of home furnishings and décor across all styles and price points. with an unparalleled selection of more than seven million home items from 7,000 suppliers, wayfair helps people find the perfect product at the right price. our unparalleled selection and superior customer service coupled with the convenience of online shopping, makes it easier than ever before to find exactly what you want for your home. the wayfair family of brands includes: • wayfair.com, an online destination for all things home • joss & main, an online flash sales site offering inspiring home design daily • allmodern, a go-to online source for modern design • dwellstudio, a design house for fashion-forward modern furnishings • birch lane, a collection of classic furnishings and timeless home décor wayfair is headquartered in boston, massachusetts, and employs 2,000 people across its eight global locations of boston, new york, ogden, utah, hebron, kentucky, galw. Social media mentions are up 100% in the past 24h.

BUY

Bargain products - good for consumers. Would recommend buying.