Jim Cramer Market Recap: Buy Tesla, Gap, Nvidia, Roblox, and Wynn


In the most recent “Mad Money” program, TheStreet’s Jim Cramer said Wall Street’s early reactions were almost always wrong. Investors who rush to judgment lose.

When it comes to real money, Cramer took a closer look at the real numbers behind these “first-sight” impressions and spoke with senior executives at Salesforce.com. (CRM) – Get a report, Gap inc. (GPS) – Get a report, Williams-Sonoma, (WSM) – Get a report and HP Inc. (HPQ) – Get a report. To get investment information straight from Cramer’s Real Money columns, take a look at this special offer.

Snowflake (SNOW) – Get a report In its final quarter, revenue doubled again, but losses also widened faster than expected. Cramer tweeted Wednesday that “SNOW – growing faster, not slower, and growing like crazy in Asia and Europe.”

Cramer said there was too much enthusiasm when Snowflake started and new investors paid too much for it.

“But [CEO] Frank Slootman is great, and if you wait long enough, this award will be realized. You should buy it here; they are the fastest growing publicly traded company in America, ”he added.

Here are the top 10 Cramer videos from last week:

How Cramer Approaches Cryptocurrency

Elon Musk tweeted that he had spoken to Bitcoin miners in North America and “they have committed to release current and planned renewable use and ask WW miners to do so. Potentially promising.” So what does im Cramer think of Musk’s tweet and Bitcoin’s environmental impact?

“I think it’s overrated as something they care about, I think it’s really a case where they care about money and speculation,” Cramer said.

“I did care and mentioned that I think there should be carbon capture to try to do that, and the Chinese have coal plants where they spend a fortune on the mine. what really matters to me is which one is this hottest, where do you store it, how much money do you get when you buy it for interest and the overall susceptibility to youngsters to lose interest in common stocks and really focus on cryptos which are hot today. is it Coinbase (PIECE OF MONEY) is up 7%, which tells you it may have been recommended, but this stock has been a real dog, ”he added.

Cramer’s Meme stock update: AMC, Beyond Meat

Cramer is going down where he sees an opportunity for stocks and companies that are currently capturing the attention of the Reddit investor.

Cramer thinks that AMC (AMC) – Get a report should have another offer. “I said they should do a $ 2 billion convertible bond. It is important that the company reduces its debt because it is not possible that it can go into debt with so much debt, ”he said.

Cramer tweeted earlier this week that Beyond Meat (PARND) – Get a report has such great prospects. “They are going to move quite aggressively in China, they have a good partnership with McDonald’s (MCD) – Get a report, they were able to lower the price of the burger at the supermarket, and Whole Foods told me it’s the cleanest meatless meat. If investors understand correctly, it will be 30 times the profit and you will want to be covered, ”he added.

Cramer says Roblox shares will go above $ 100

In the “Off The Charts” segment, Cramer spoke with Real Money contributor Bob Lang to see if video game stocks can continue to roar now that the economy is reopening, wrote The streets Scott Rutt in his Crazy money to summarize.

Lang first looked at a daily Roblox chart. (RBLX) – Get a report, which reported spectacular profits. He noted the consistent trend of higher highs and higher lows, denoting a healthy uptrend. He was also positive on the Relative Strength of the Action, or RSI, indicator which confirmed there was more wiggle room.

“Roblox exceeds $ 100. It’s just an iconic company after a very short period of time. It is a safe place for children to learn and have fun. It’s a buy until I tell you otherwise, ”Cramer said.

Spread: buy or sell?

Jim Cramer loves Gap (GPS) – Get a report ahead of his results report later this week. In fact, he thinks it’s a stock that investors could buy today if they’re looking to add a retail name to their portfolio.

“I think Gap is going to be strong. I think Kimberly underestimates the strength of Gap. I think Gap is going to be very good and I look forward to what I see as the continuation of a remarkable movement. The title is up gigantic to 64%. It is not done. I think there’s more to it, and I’m not betting against Gap. Buy it here, ”Cramer said.

Find out more about Cramer and investment ideas from our other real money contributors.

Why Cramer is watching Wynn closely

Cramer keeps a close eye on Wynn (WYNN) – Get a report for its Action Alerts PLUS portfolio.

For his second segment ‘Executive Decision’, Cramer spoke with Matt Maddox, CEO of Wynn Resorts, and Bill Foley, founder of Austerlitz Acquisition Corp I, to learn more about the company’s plan to transform its online sports betting business as a separate entity.

“I think it’s very popular, but it has no market value. I think Wynn is a clear buy. And I think it’s not just because of the new PSPC that involves them, but also because the business is so good. There’s a lot of mojo, ”Cramer said.

Curious about what else Cramer and his Action Alerts PLUS team are watching in the markets? Watch Cramer’s exclusive member-only Daily Rundown on Action Alerts PLUS after TheStreet Live.

Cramer: Buy Tesla Stocks Before Memorial Day

The shares traded higher in intraday trading on Wednesday, as Federal Reserve officials maintained their belief that price increases due to the economic recovery will be transient and subside towards the second half of the year. 2021. Fed officials have downplayed the risk of rising prices.

So why – with the Fed leading the story of the larger market – is Cramer focusing on Tesla (TSLA) – Get a report?

“I think Tesla should be bought. Why? It is the day, and tomorrow, that you should buy Tesla because 11 times out of 11 Tesla shares have gone up after Memorial Day. So you have to be in there right away! Cramer said.

Why Cramer compares Virgin Galactic to an NFT

Galactic Virgo (SPCE) – Get a report successfully completed its first space flight in over two years, moving closer to offering regular commercial space travel. The mission not only provided revenue-generating scientific research experiments for NASA, but it also collected key data for the Federal Aviation Administration – something Virgin Galactic needs to obtain a Federal Commercial Operation license from reusable spacecraft, The streets Mr. Corey Goldman reported.

“It’s one of those stocks where it’s a nice income and trade stock when it goes to launch a rocket, which is so out of what people like. I find myself thinking: What’s wrong with this market is that there is still a sizable cohort that wants to buy something like this. It’s like a symbolic non-fungible plane to me, ”Cramer said.

Cramer: Why Nvidia is down despite business “on fire”

Analysts expected Nvidia (NVDA) – Get a report to report earnings of $ 3.29 per share on sales of $ 5.4 billion. The company reported quarterly profit of $ 3.66 per share on revenue of $ 5.66 billion.

“I think Nvidia is the number one gaming chip, soon to be the number one auto chip, the number one high performance computer chip, it’s number one in forensics, number one in machine learning, and that’s all. biggest categories in any tech field. Nvidia had a remarkable quarter. What they’ve done with Mercedes Benz is amazing, what they’re doing with VMWare (VMW) – Get a report is amazing, and they have a great relationship with just about everyone. They are the arms dealers for everyone, ”Cramer said.

“The stock is only going down because it’s gone up so much, but the business is on fire,” he added.

Medtronic: buy or sell?

Cramer speaks out on Medtronic (MDT) – Get a report. He explains why he doesn’t say this stock is a buy here, but he has a few other stocks that investors should look at instead.

“We own Abbot Laboratories (ABT) – Get a report, which is a great device company, I love Thermo Fisher Scientific (TMO) – Get a report better than Medtronic, I like aluminum (ACH) – Get a report better than Medtronic, I like Danaher (HRD) – Get a report better than Medtronic, and I like Abbot better than any of those. Medtronic doesn’t have the momentum and growth that I’d like to see, so no, it’s not ready yet, ”Cramer said.

Cramer’s thoughts on Exxon, the oil

Key Shareholder Vote on Board Seats Taken at Exxon (XOM) – Get a report Wednesday, which could mark the biggest change in decades for the nation’s largest oil company as well as the future of CEO Darren Woods.

Exxon is under pressure from Engine No. 1, an activist investor seeking to oust four directors who, if successful, could change Exxon’s strategy.

Exxon isn’t one of Cramer’s top oil picks, but he thinks it’s a wonder the company is making a lot of changes that are pro-ESG and not being able to fend off activists. . “And the fact that they have BlackRock (BCPX) – Get a report is very good, ”he said.

Wells Fargo and Microsoft are key holdings in the Cramer’s Action Alerts PLUS charitable trust. Want to be alerted before Cramer buys or sells stocks? Learn more about Cramer and his team of members now.


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