Dow futures rose Friday as the U.S. economy added much larger-than-expected new jobs in February.
In the latest installment of Mad Money, Jim Cramer said there are different ways to see a market bottom, but he still does not think we are there.
TheStreet’s Katherine Ross and Cramer talk about Tanger’s short print, the dive into Tesla and GameStop’s makeup.
Tangier: buy or sell?
Shares of Tanger Factory Outlet Centers (SKT) – Get report rose on Thursday when the real estate investment trust that runs shopping malls drew attention to Reddit message board r / WallStreetBets, the forum that came to light with the short press on GameStop (GME) – Get report shares.
Cramer said Tanger should not be short-circuited. ‘I like Federal Realty (FRT) – Get report and Simon Properties (SPG) – Get report. It’s better. Fed Realty is the largest mall business and has not cut its dividend. You can buy a lot of it and get a good return. Simon Properties is the largest mall business, but the stock has risen a lot, so I want to be careful there. But these are the stocks you buy. ‘
‘They [Tanger] did better than we thought, they got better with payments, but they have 90% occupancy and you have to be higher. But you can not make it short. ‘
Tesla: Buy or Sell?
Ron Baron of Baron Capital Management told CNBC that he had sold 1.8 million shares of Tesla (TSLA) – Get report over the past six months. Baron, who is chairman, CEO and portfolio manager of the New York firm, sold the stock because it became too large a percentage of certain client portfolios.
Baron said he expects the stock to reach $ 2,000 in the next decade. He said he sold the shares to reduce the risk to clients, reports CNBC.
Cramer said it would buy Tesla at $ 643 a share, the level at which the technology stock had recently traded. “I know Tesla is going overboard. Ron Baron did portfolio management. It’s a concept that is lost on a lot of people because they are not portfolio managers. He could feel the pressure to have too much Tesla. I’m watching to what he does and I think it’s very clever but people will not see it that way [Baron] do the right thing … The stock is lower … It’s time Cathie Wood puts a bottom in Tesla. ‘
GameStop: Buy or Sell?
Cramer runs through some of the top stocks on highshortinterest.com, a database of stocks with a short stake of more than 20%. Top stocks include GameStop, Tanger and Rocket.
Cramer said we need Ryan Cohen to use the 5000 [GameStop] stores to become the best place to buy GPU cards, like the ones Nvidia comes out with, for the crypto mine. “They just need to become a crypto-mining store. And then make a commitment with Square to buy a little bit and make it so that they’re the place to learn about crypto.”
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