Last week, Jim Cramer held his annual draft fantasy stock, and the "Mad Money" host is now helping investors scan the "waiver wire" market to find some bargains.
"There's some real fantasy-football gibberish that means trying to get some bargains, players not signed by other teams that have turned out to be interesting prospects or thrown off, and maybe they shouldn't be. "Cramer said Wednesday.
In addition to Okta, Service Now and Salesforce. com, which he also chose last week, here are the new companies Cramer believes investors will put into their portfolio after week 1:
Starbucks coffee giant is up more than 5% since Thursday, closed at 90.98 on Wednesday. The stock has been hurt by comments last week from CEO Kevin Johnson, who said next year's financial income will see slower growth than expected because a one-time tax benefit boosted revenues in 201
But Cramer is not concerned about any of these developments, saying that Johnson's remarks do not matter because "the company's operating revenue growth model is intact."
The SEC problem "was a nothing burger simple and easy," Cramer argued.
"There were 200 other companies that were flagged. It was a routine accounting study of one industry. Only Starbucks made the headlines," Cramer said.
All about it, this is what Starbucks Cramer said.
The software company VMWare's stock, which closed at 154.43 on Wednesday, is nearly 25% down since its 2019 high of 205.52 on May 16.
But Cramer said he had renewed trust in Palo Alto, California-based company, in part because COO Sanjay Poonen explained to "Mad Money" on Tuesday how the recent acquisitions could benefit.
VMWare, a cloud virtualization company, purchased the cybersecurity firm Carbon Black and Pivotal, which have products that help companies create and install their software across different server infrastructures. The acquisitions were valued at $ 4.8 billion.
"I had been skeptical considering that Pivotal appeared to be a move away from VMWare's parent company Dell. But Poonen changed me," Cramer said. "I also think the Dell Crowdstrike ratio will be severely shrunk by the Carbon Black acquisition. No wonder VMWare amassed more than a dollar today."
Splunk CEO Doug Merritt appeared on "Mad Money" last week, and after thinking about what he heard, Cramer said he sees a strong investment opportunity.
"I think we get a chance to buy it at an incredible bargain," Cramer said. "Spunk is a premier data analytics game that will help its customers gain real insight from machine data. And in a world where Salesforce.com is willing to buy Tableau Software, if this thing just stays here, Spunk can make a lot of sense as a acquisition targets, "Cramer said.
Splunk, which focuses largely on analyzing big data, has seen the stock fall almost 20% from the high year in 2019. It stands at 113.89 after Wednesday's close, down from 140.73 July 26.
"Splunk is too real, and this stock market seems to be fake," Cramer added.
Cramer offered two more companies that would make sense as possible clue choices: Shopify and Chipotle.
Cramer praised Shopify for its recent acquisition of $ 450 million automated warehouse startup. Shopify is expected to come second behind Amazon for US e-commerce soon.
"But the stock is in decline – it has now given up 70 straight points – and who knows when it will find its bottom. Maybe it happened today," Cramer said, noting the stock fetched $ 10 on Wednesday.
When it comes to Chipotle, Cramer said because he is the best performer in the S&P 500, but still starts to hit a wall because of a stock market rotation, "it's bound to scare people who then continue to throw reasons for the decline. "
" But it's not, "Cramer said, adding that Chipotle was also caught in the same SEC filing as Starbucks.
It's actually business seems to be accelerating, Cramer said.
"When you get a chance to buy the best of the best down nearly 10%, it's like stomping a wide receiver over a bye week," Cramer said.