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Rippers Weekly Recap 3/4: Is Inverse Cramer Real?
Plus the latest earnings news!
StockMKTNewz Evan
March 04, 2023
Hey everyone, it’s @StockMKTNewz Evan!
For the first time in a couple of months, I'm on vacation! I'm now visiting my sister and nieces. This week's stock market recap is a slightly different format because I'm away. It will be back to the normal format soon, Expect my Twitter and Instagram to be closer to normal this upcoming week. I really appreciate all of you for your non stop support!!!
And keep scrolling to check out insights from this year's earnings season from our favorite AI news monitoring tool - Babbl!
How The Stock Market Performed This Past Week
Heat Map of the S&P 500
How The Largest Stocks Performed
Best Performing Large Cap Stocks
Worst Performing Large Cap Stocks
Is Jim Cramer Still an Awful Stockpicker?
From Babbl:
Everybody knows Jim Cramer. Some love the personality, others love to hate on him. Either way, Jim is the most well-known stock market characters on the planet, renowned nowadays for apparently being a pretty bad stock picker.
So last month, we decided to see for ourselves: just how bad are his Twitter stock picks? The TLDR; between August-January (6mo), trading solely on Jim Cramer’s tweets about stocks would have lost you -83% of your money. That’s like, actually horrendous. And if you missed that report, you can check it out here.
But now, with the dawning of another month (happy March to those who celebrate) and the Inverse Cramer ETF launching this week, we figured it was time for another update. To see if his stock picking awfulness is perpetual.
So here it is: Jim Cramer’s updated Twitter stock picking track record over the past 6mo (September thru January):
More About Babbl:
My friends over at Babbl constantly watch news trends just like this to give you special information you won’t find anywhere else.
I love partnering with companies that have a passion for sharing news, and Babbl is one of those companies 🤝
Babbl analyzes thousands of articles, tweets, and posts every week -- leaving you with the insights and trends that got lost in the noise.
This Week's Headlines
Tesla China $TSLA sold 74,402 vehicles from its Shanghai factory in February up 31.7% YoY and up 13% MoM - CPCA twitter.com/i/web/status/1…
— StockMKTNewz - Evan (@StockMKTNewz)
10:33 AM • Mar 3, 2023
COSTCO $COST EARNINGS ARE OUT
EPS of $3.30 beating expectations of $3.20
Revenue of $54.24B missing expectations of $55.61B twitter.com/i/web/status/1…— StockMKTNewz - Evan (@StockMKTNewz)
9:22 PM • Mar 2, 2023
SALESFORCE $CRM JUST REPORTED EARNINGS
EPS of $1.68 beating expectations of $1.40
Revenue of $8.38B beating expectations of $7.84B— Savvy Trader (@SvvyTrdr)
9:06 PM • Mar 1, 2023
Salesforce $CRM just increased its share buyback program to $20B
— StockMKTNewz - Evan (@StockMKTNewz)
9:10 PM • Mar 1, 2023
Mark Zuckerberg just announced $META is lowering the price of its Virtual Reality headsets
— StockMKTNewz - Evan (@StockMKTNewz)
3:03 PM • Mar 3, 2023
AMAZON $AMZN PAUSES CONSTRUCTION ON SECOND HEADQUARTERS IN VIRGINIA
— StockMKTNewz - Evan (@StockMKTNewz)
3:01 PM • Mar 3, 2023
COINBASE $COIN HAS ACQUIRED ONE RIVER DIGITAL ASSET MANAGEMENT
— StockMKTNewz - Evan (@StockMKTNewz)
1:54 PM • Mar 3, 2023
The new Inverse Jim Cramer ETF is set to go live today and will trade under the ticker $SJIM
— StockMKTNewz - Evan (@StockMKTNewz)
1:50 PM • Mar 2, 2023
FOXCONN SET TO EXPAND IPHONE PRODUCTION AT EXISTING PLANT IN TAMIL NADU, INDIA -WSJ $AAPL
— StockMKTNewz - Evan (@StockMKTNewz)
2:41 PM • Mar 3, 2023
Microsoft’s $MSFT proposed acquisition of Activision Blizzard $ATVI is reportedly likely to be approved by EU regulators according to Reuters
— StockMKTNewz - Evan (@StockMKTNewz)
3:54 PM • Mar 2, 2023
Elon Musk just confirmed the next Tesla $TSLA Gigafactory will be in Mexico
— StockMKTNewz - Evan (@StockMKTNewz)
12:21 AM • Mar 2, 2023
So the car Tesla expects to sell the most of in the long term still hasn’t been announced 👀
What do you think it is?
— StockMKTNewz - Evan (@StockMKTNewz)
9:44 PM • Mar 1, 2023
FORD $F ESTABLISHES LATITUDE AI TO DEVELOP FUTURE AUTOMATED DRIVING TECHNOLOGY
— StockMKTNewz - Evan (@StockMKTNewz)
5:02 PM • Mar 2, 2023
Amazon $AMZN is letting employees use their vested equity as collateral for a down payment when trying to buy homes - Tech Crunch
— StockMKTNewz - Evan (@StockMKTNewz)
12:21 AM • Mar 1, 2023
RIVIAN $RIVN SEES 2023 PRODUCTION 50,000 VEHICLES, EST. 62,797
— StockMKTNewz - Evan (@StockMKTNewz)
10:50 PM • Feb 28, 2023
NVIDIA $NVDA FILES MIXED SHELF OFFERING OF UP TO $10 BILLION
— StockMKTNewz - Evan (@StockMKTNewz)
10:07 PM • Feb 28, 2023
MICROSOFT $MSFT ADDS NEW BING TO WINDOWS COMPUTERS IN EFFORT TO ROLL OUT AI - Reuters
— StockMKTNewz - Evan (@StockMKTNewz)
2:08 PM • Feb 28, 2023
CHEVRON $CVX RAISES SHARE BUYBACK GUIDANCE TO $10B TO $20B PER YEAR
— StockMKTNewz - Evan (@StockMKTNewz)
10:32 AM • Feb 28, 2023
General Electric $GE just filed for a mixed shelf offering worth up to $20 Billion
— StockMKTNewz - Evan (@StockMKTNewz)
10:07 PM • Feb 27, 2023
PALANTIR $PLTR CUTS ~2% OF STAFF - Bloomberg
— StockMKTNewz - Evan (@StockMKTNewz)
4:58 PM • Feb 27, 2023
Get Prepared For A Very Busy Week Ahead!
Economic Calendar
JEROME POWELL IS COMING!!
Fed Chair Jerome Powell will be speaking Wednesday, March 8th starting at 10AM ET in front of the House Financial Services Committee
The title of the hearing is “The Federal Reserve’s Semi-Annual Monetary Policy Report”
— StockMKTNewz - Evan (@StockMKTNewz)
9:24 PM • Mar 1, 2023
Earnings Calendar
That's it for today — thanks for reading! Want more Rippers? Make sure you're subscribed to this newsletter and never miss a weekly recap 📈
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