Jim Cramer says he remains confident in U.S. economy despite Covid delta surge


CNBC 04 August, 2021 - 06:21pm 42 views

What is a meme stock?

Meme stocks are the shares of companies that have seen a recent surge in viral activity, which is usually fuelled by online social media platforms such as Reddit and Twitter. The buzz over a particular stock prompts retail traders to buy the stock with the knowledge that its share price will likely rise. CMC Markets5 Booming Meme Stocks to Watch in 2021

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Cramer says DuPont is an industrial 'bargain' as Wall Street misjudges the stock

CNBC 04 August, 2021 - 11:10pm

CNBC's Jim Cramer said Wednesday he believes DuPont de Nemours shares are trading at an attractive level, suggesting investors take a position in the specialty chemical maker.

"DuPont just reported a great quarter and its stock did nothing because Wall Street just doesn't understand the story, so they don't give the company enough credit for the fact that [CEO] Ed Breen's strategy is paying off," the "Mad Money" host said.

"With this stock currently trading at a meager 17 times this year's earnings forecast, I'm pronouncing DuPont a bargain," Cramer added, one day after DuPont topped Wall Street's quarterly expectations and hiked its full-year guidance for sales, operating EBITDA and adjusted per-share earnings.

Cramer said he thinks DuPont shares would've added at least a dollar after that caliber of report under normal circumstances, but instead the stock fell Tuesday. It also dropped 0.17% Wednesday to close at $74.26.

"What's the problem? I think Wall Street fundamentally misunderstands that there is a new DuPont. This thing trades like it's just some sort of basic materials or commodity chemicals play, which is why it's still trading well below its highs from early May ... even though the story keeps getting better and better," Cramer said.

DuPont has strong management with Breen at the helm, Cramer said, and he contended the company's product offerings are more proprietary than some other materials stocks. Under Breen's leadership, DuPont also has shed non-core businesses and made smart acquisitions in key end markets.

Cramer said that's why his charitable trust owns shares of DuPont, which had been part of the larger DowDuPont before its businesses were separated into three independent parts: DuPont, Dow Inc., and Corteva.

"In short, this is a higher quality company than Wall Street seems to recognize," Cramer said, adding he wants viewers to "see the opportunity in the industrial bargain bin before it disappears."

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Is AMD a ‘Meme Stock?’ Jim Cramer’s Approach to Markets Wednesday

TheStreet 04 August, 2021 - 11:10pm

As of 10:00 a.m. ET, Robinhood  (HOOD) - Get Report was over 34% higher to $63.00. Noting some recent selling in GameStop  (GME) - Get Report and AMC  (AMC) - Get Report, Cramer attributed the move to the Reddit trader.

“The memesters try to find stocks that are heavily shorted and try to bust the people that short it," Cramer said. 

Robinhood Stock: Jim Cramer Says Sell Some, Play With the House's Money

TheStreet 04 August, 2021 - 10:09am

Jim Cramer attributed the move to the Reddit trader, citing selling in GameStop  (GME) - Get Report and AMC  (AMC) - Get Report

"I know, Robinhood isn't of the highest quality. But I endorse it as a stock for what it can become, not what it is now, and that's why I think it is roaring," Cramer wrote in a recent column on Real Money. 

Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks that he has been a believer in Robinhood since he met CEO Vlad Tenev in 2015.  

"I have been in favor of Robinhood since these people [Robinhood users] were born," Cramer said. 

However, Cramer said that investors who bought into Robinhood's initial public offering should consider selling some of their positions Wednesday. 

"If you got some of the deal, I would sell half and let the other half run," Cramer said. "I want them [Robinhood users] to make it so they play with the house's money."

Cramer concluded by saying that selling a portion of a stock does not signify a lack of conviction in Robinhood's future. 

"By selling a little by no means signifies I have a lack of belief," Cramer said. 

For those looking for more on Cramer's trading mentality, check out what he had to say about Action Alerts PLUS holding Advanced Micro Devices  (AMD) - Get Report in Wednesday's Daily Rundown. 

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