Latest Stock Buy or Sell?

Today, Jim Cramer - Mad Money commented about whether NUE-N, PYPL-Q, SQ-N, UPST-Q, SNPS-Q, BABA-N, BA-N, AFRM-Q, MARA-Q, COIN-Q, PLD-N, GME-N, DAR-N are stocks to buy or sell.

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