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Jim Cramer advises investors to sell these groups of stocks ‘whenever they bounce’ (https://www.cnbc.com/2020/04/16/jim-cramer-sell-these-groups-of-stocks-whenever-they-bounce.html)
- “Unfortunately, there are a lot more losers than winners here and many of them have become uninvestible,” CNBC’s Jim Cramer said.
- “These stocks are this market’s Achilles heel, and whenever they bounce, you’ve got to sell them and swap into the winners, like the tech and health-care companies that are helping us overcome the pandemic,” the “Mad Money” host said.
Relevant Industries: Auto (except TSLA), Oil and Gas, Travel (incl. AXP), Commercial REITs (eg. BXP, SLG)
Jim Cramer: Banks ‘may need to say goodbye to their dividends’ (https://www.cnbc.com/2020/04/16/jim-cramer-banks-may-need-to-say-goodbye-to-their-dividends.html)
″[I]f there is a prolonged lockdown, then I think the banks are in trouble,” Cramer said. “Their bountiful reserves really aren’t that bountiful in a multi-month quarantine where millions of Americans simply don’t have the money to pay their debts.”
Cramer’s lightning round: How to trade Delta Air Lines (https://www.cnbc.com/2020/04/16/cramer-lightning-round-how-to-trade-delta-air-lines.html)
- Dycom Industries: “I like it … but the group has been brought down by a couple poor performers, particularly Fluor. I say stick with Dycom.”
- Nucor Corp.: “It’s the best house in an incredibly bad neighborhood. Steel is something you’re supposed to sell when we’re going into recession …. I would not sell it here.”
- Emerson Electrical: “Emerson is going to have a not-as-great quarter as I would like because they have a lot of oil and gas, and they also have a lot of China [exposure]. I don’t want you to sell Emerson. It is a great American company.”
- Diamondback Energy: “Diamondback Energy, along with EOG, Parsley Energy … Pioneer, Chevron — they are all well run enough to be able to survive this basically nuclear war against oil and gas, but, that said, I hate those stocks.”
- Delta Air Lines: “It’s going to be a trade. If we do get further good news, in terms of the remdesivir [coronavirus treatment], people are going to buy the airlines stock, then I want you to flip them, okay, because we don’t know how good they really are going to be.
Ticker: DY, NUE, EMR, FANG, EOG, PE, PXD, CVX, DAL
Executive Interview: Chubb CEO: Forcing insurers to pay pandemic loss claims is ‘plainly unconstitutional’ (https://www.cnbc.com/2020/04/16/chubb-ceo-making-insurers-cover-pandemic-losses-is-unconstitutional.html)
- “You can’t just retroactively change a contract. That is plainly unconstitutional,” Chubb CEO Evan Greenberg said about state efforts to extend business interruption insurance to the coronavirus pandemic.
- “Most catastrophes, like a hurricane or an earthquake, are limited by geography or time,” Greenberg said. “Pandemic is very different. … It has no geographic bounds, it has no time limit.”
- “The only one who could really take the infinite nature, financial nature, of that is the government,” he said.
Ticker: CB
Executive Interview: Agilent CEO talks accelerating the flow of coronavirus testing (https://www.cnbc.com/video/2020/04/16/agilent-ceo-talks-accelerating-the-flow-of-coronavirus-testing.html)
Agilent Technologies CEO Mike McMullen discussed the health-care equipment company’s Bravo system is helping to expand access to coronavirus testing.
Ticker: A
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