Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jim Cramer - Mad Money commented about whether QCOM-Q, SBUX-Q, NKE-N, MU-Q, MU-Q, NMFC-Q, BJ-N, ABC-N, PZE-N, LASR-Q, MP-N, ENB-T, LNG-A, PATH-N, TLRY-Q, NCLH-N, MKC-N, CAG-N, STZ-N, LW-N, HELE-Q, MMM-N, MTN-N, KR-N, ROKU-Q, PINS-N are stocks to buy or sell.
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COMMENT
There could be some respites in October, but the September nightmare could continue. Three events next week will tell us the direction. Non-farm payrolls, which he expects to show too much hiring; speaking engagements by the Cleveland fed chief, which is a hawk. Balance sheets are too strong for an apocalypse to happen. That said, we're paying the price for years of easy money, so it will be painful.
BUY ON WEAKNESS
It has rallied $14 from its low, defying the market sell-off. They just reported a strong quarter, a good fiscal 2022 full-year, and a very bullish forecast. He has liked Vail this even before Covid, and during Covid. They announced a stretegic shift in January 2022 by slashing passes by 20% to sell more season passes to customers who aren't rich. They also reported a beat in June, but the market didn't care. Pass sales are up 7% YOY as of September 2022. Trades at 24x earnings, about half of last November's level. He wouldn't be surprised if shares decline more with the market, but this is a buy during such weakness.
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COMMENT
Based on volatility data by Mark Sebastian Normally, the VIX climbs as the S&P falls, but that didn't happen in September. Rather, the VIX has sedate, until the last few days this week. Why? The many VIX call options which act as a hedge and limits the volatility score. Add to that bond volatility. Sebastian's downside target is 3,386, when you should start buying. So, there's more downside.
