Cramer Says Dump Tech Before Intel, Tesla, Alphabet Earnings: Will Inverse-Cramer Strike?
Chia sẻ:
Jim Cramer advised viewers to avoid new tech buys ahead of Alphabet and Tesla earnings on July 22 and Intel on July 23, shifting new money into industrials and financials like FedEx, Honeywell Aerospace and Goldman Sachs, after a recent Cramer pick on July 15 saw Intel drop about 8% and revived the so‑called Inverse‑Cramer Effect. Analysts expect Intel Q2 EPS near $0.21 with revenue around $14.4B (+~12% YoY), Alphabet EPS $2.87 with Google Cloud revenue ~$22.79B (+67.3%), and Tesla revenue ~$25.81B with EPS ~$0.50 after 480,126 vehicle deliveries, and while beats could lift tech and chip stocks, the current rotation raises short‑term downside risk for broader risk assets including crypto and may affect trader appetite on CEX/DEX and token markets.
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In Brief
- Cramer said to dump tech before this week's Intel, Tesla, Alphabet earnings.
- Alphabet and Tesla report Wednesday, with Intel following Thursday after the close.
- The Inverse-Cramer Effect hit Intel days earlier when a Cramer pick sank.
Jim Cramer told “Mad Money” viewers to avoid new tech buys just as Intel, Tesla, and Alphabet prepare to report earnings this week, reviving questions about whether the Inverse-Cramer Effect will strike again.
The host said he is directing new money into industrials and financials instead. He named FedEx, Honeywell Aerospace, and Goldman Sachs as safer bets during the current selloff.
A Pattern Already in Motion for Cramer
Cramer’s tech retreat follows his own Inverse-Cramer Effect moment. He called Intel his favorite chip stock on July 15. The shares sank roughly 8% hours later, even after ASML confirmed a manufacturing milestone.
That reversal revived a running Wall Street joke. Traders often profit more from betting against Cramer’s on-air calls than from following them. The same pattern hit Nike, which crashed 15% hours after a bullish Cramer call.
Cramer has swung bullish elsewhere too. He issued a call to buy Nvidia even as a broader AI chip stock selloff rattled the sector.
Three Earnings, One Test
Intel reports second-quarter results Thursday, July 23 and analysts expect earnings near $0.21 per share. That would mark a swing from a $0.10 per-share loss a year ago. They also expect revenue of roughly $14.4 billion, up close to 12% year over year.
Alphabet and Tesla both report Wednesday, July 22, after the close. Analysts expect Alphabet to post earnings of $2.87 per share, up 24.2% year over year. They project Google Cloud revenue will reach $22.79 billion, up 67.3%.
Tesla delivered 480,126 vehicles last quarter, well above estimates. Analysts expect revenue near $25.81 billion and earnings of $0.50 per share. The stock still trades at 177 times forward earnings, the richest multiple among its mega-cap peers.
Some analysts already see a bull case forming for chip stocks if Alphabet’s cloud and AI hardware numbers beat expectations.
If all three names rally on their reports, Cramer’s tech exodus will look premature. If they stumble, his rotation call holds, and the Inverse-Cramer Effect stays benched for at least one more week.
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