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Stock Opinions by Jim Cramer - Mad Money

COMMENT
Better to own Clean Harbors, but likes the concept behind DAR (recycling refuse from restaurants) and its shares are down too much. A good stock, but not great.
food processing
DON'T BUY
They announced a 4-for-1 stock split. GME is controlled by a few investors who will move up these shares. Only BME and AMC are controlled by small groups.
specialty stores
BUY
Down 30% from its peak and not it's worth buying. Has long owned and liked this. They do B2B transaction, which thrived during the pandemic. The stock held up even when the world was moving back to normal, like last April. They reported a strong beat and raised their forecast on April 19. A week lower, shares slid for 9 sessions at 28%, because Amazon at that reported that it built too much warehouse space. So Amazon slashed their capex. Amazon accounts for 5% of PLD's net effective rent, their biggest customer. The sell-off in PLD was a huge over-reaction. Then, PLD offered to buy a key competitor on May 10 when the market was selling off (bad timing). Then, the macro view is pessimistic--recession fears. In contrast, he argues that Amazon can't strong-arm PLD on rent. PLD doesn't lack demand. They had a 98% occupancy rate in March. Also, the Duke Realty merger (key competitor) will be accretive. PLD has long-term leases with clients, so a wider economic slowdown won't hurt them. It's one of the best secular growth stories of the past 15 years.
investment companies / funds
COMMENT
Technical analyst Tom DeMark forecasts when markets will change course DeMark's indicators point out that the Dow could have bottomed last month or it will ahead. He expects more choppy trading in the Dow this and next month, with a rally at the end of July, then a decline to a newer low in August, but a strong rally in September and October that could recover 55-60% of the entire 2022 decline. His downside target for the Nasdaq is 10,515. He agrees with DeMark that the S&P has already bottommed and we are looking at an incredible trade.
Unknown
DON'T BUY
Down 71% in the last three months. Doesn't care for this stock. Would rather be in the banks among the financials.
Financial Services
DON'T BUY
Is correlated with Bitcoin, but he doesn't want to be correlated with Bitcoin. He sold his Bitcoin much higher than now.
Technology
DON'T BUY
Buy now, pay later stocks: Affirm, Upstart, Block and Paypal Upstart is down 92% from its high, Affirm 89%, Block 78% and PayPal 76%. Some of this is due to these stocks being massively massively overpriced to begin with. At peak, Affirm was trading at 30x sales (not earnings), and it won't be profitable before 2026. Block and PayPal are profitable, but were trading at sky-high multiples last year (170x PE and 65x respectively). The market hates the buy-now, pay-later stocks because they don't make money (though are well-run). He liked Upstart early on; it wasn't a buy-not,pay-later story, but helped facilitate loans using technology. But Upstart took on far more credit risk than assumed, which upset him. The business models of these stocks were far better when interest rates were low. Also, more competitors have rushed in now. The lesson: don't be caught up in euphoria. Earnings, valuations and interest rates matter.
Technology
DON'T BUY
It loses money and has a poor balance sheet.
Transportation
DON'T BUY
Shares can go up, but the Chinese Communist government will suck us in again, then slam their stocks. Don't touch.
0
DON'T BUY
Semi stocks have come down too far, but there are better and cheaper ones than SNPS.
Technology
COMMENT
Worries of a recession persist even on a positive day like today. The US Fed needs to tame not only commodity inflation but wage inflation as well. To be fair, the Fed could not have predicted the post-Covid war, the Russian invasion of Ukraine or China's strict lockdowns. He can't tell if we're heading into a recession or a soft landing, because the Fed may have already won its war against commodity inflation and it certainly beating housing inflation and may soon beat wage inflation. The stakes are high. The banks will report soon and he is optimistic about the earnings they will report. Tech will bifurcate between profitable stocks which will rally and non-profitable which will fall further. Stocks now reflect a recession. So, if we get a stagnant economy that will re-accelerate, then stocks will rally. But if the Fed hits us with several more rate hikes, we will see more downside. He predicts the former.
Unknown
DON'T BUY
Buy now, pay later stocks: Affirm, Upstart, Block and Paypal Upstart is down 92% from its high, Affirm 89%, Block 78% and PayPal 76%. Some of this is due to these stocks being massively massively overpriced to begin with. At peak, Affirm was trading at 30x sales (not earnings), and it won't be profitable before 2026. Block and PayPal are profitable, but were trading at sky-high multiples last year (170x PE and 65x respectively). The market hates the buy-now, pay-later stocks because they don't make money (though are well-run). He liked Upstart early on; it wasn't a buy-not,pay-later story, but helped facilitate loans using technology. But Upstart took on far more credit risk than assumed, which upset him. The business models of these stocks were far better when interest rates were low. Also, more competitors have rushed in now. The lesson: don't be caught up in euphoria. Earnings, valuations and interest rates matter.
Technology
DON'T BUY
Buy now, pay later stocks: Affirm, Upstart, Block and Paypal Upstart is down 92% from its high, Affirm 89%, Block 78% and PayPal 76%. Some of this is due to these stocks being massively massively overpriced to begin with. At peak, Affirm was trading at 30x sales (not earnings), and it won't be profitable before 2026. Block and PayPal are profitable, but were trading at sky-high multiples last year (170x PE and 65x respectively). The market hates the buy-now, pay-later stocks because they don't make money (though are well-run). He liked Upstart early on; it wasn't a buy-not,pay-later story, but helped facilitate loans using technology. But Upstart took on far more credit risk than assumed, which upset him. The business models of these stocks were far better when interest rates were low. Also, more competitors have rushed in now. The lesson: don't be caught up in euphoria. Earnings, valuations and interest rates matter.
0
DON'T BUY
Buy now, pay later stocks: Affirm, Upstart, Block and Paypal Upstart is down 92% from its high, Affirm 89%, Block 78% and PayPal 76%. Some of this is due to these stocks being massively massively overpriced to begin with. At peak, Affirm was trading at 30x sales (not earnings), and it won't be profitable before 2026. Block and PayPal are profitable, but were trading at sky-high multiples last year (170x PE and 65x respectively). The market hates the buy-now, pay-later stocks because they don't make money (though are well-run). He liked Upstart early on; it wasn't a buy-not,pay-later story, but helped facilitate loans using technology. But Upstart took on far more credit risk than assumed, which upset him. The business models of these stocks were far better when interest rates were low. Also, more competitors have rushed in now. The lesson: don't be caught up in euphoria. Earnings, valuations and interest rates matter.
0
BUY on WEAKNESS
Too much negativity around steel now. His steel play is Nucor, but wait till it comes down further.
steel
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