Jim Cramer on stimulus and stocks: We are in a 'wacko market'

요약 보기

결론: 시장은 '와키(wacko)' 상태로 과열 신호가 있지만, 성장주(스노우플레이크·줌 등) 중심 매수가 유리하며 코로나 재확산 우려 속 에너지주 강세 베팅은 받아들이지 않는다. 스티뮬러스(경기부양책): 대선 직전이라 어느 쪽이든 상대방의 협상력이 커지며 합의가 어렵다는 입장. 트럼프는 자기 이름이 찍힌 수표를 받으려 해 이번 부양책 금액이 작을 수 있다는 취지. 투자 전략: 실적 시즌은 거칠 수 있으나 전반적으로 긍정적이며, 실적을 못 내는 기업은 매도 대상이라는 관점. 에너지 섹터: 석유·가스는 ESG 압력과 주주 요구로 투자 부적격 섹터로 보이지만, 콘초(Concho) 인수 등 기업들이 ESG 대응에 나서고 있음. 콘초 인수 건은 전부 주식 교환 방식이며, 팀 리(Tim Lee)가 하위 48개 주 사업을 총괄하게 되는 등 경영진 평가가 긍정적. 파슬리(Parsley)는 플레어링 감소 등 환경 대응으로 주목받음. 쉐브론 배당수익률 약 7%의 지속 가능성에 대해 의문 제기. 성장주 선호: 50배 매출에 거래되는 기업도 성장이 순수하고 지배적이라면 매수 가치가 있다고 봄. 줌(Zoom)은 3개월 전 대비 매출이 3배 수준으로 성장. 스노우플레이크(SNOW)를 100배 매출 수준에도 선호. 코로나 리스크: 파우치(Fauci) 등 전문가들의 재확산 우려를 언급하며 코로나가 끝나 석유 수요가 급증할 것이라는 시나리오를 받아들이지 않음. 출연자 전망: 에너지보다 성장 기술주 우위, 시장 변동성은 높지만 실적 기반 긍정적 흐름 전망.

다듬은 글

※ 자동 자막 원문(다듬기 전)

01. Jim I Heard You just talking to Becky about stimulus as We continue to Kick this Around it does not Sound like you think this New Sense of urgency quote unquote is going to do much to Push a package Forward No I just We are too Close to the election I think that either Side UH gives then The Other Side UH I I I think has them So let's say the president gives a little bit more then I think that Speaker plosy will Make It Even tougher Because the president Wants to get that Check to you with the least amount of Money that says Donald J trump on it and I know that That's something that A lot of people Just say wow the president gave It To Me so I just think that What We should Be owning and trading and buying UH are companies that are about to go through an earnings UH period That I think is going to be Rocky but overall positive and I think one of the reasons why It's going to be positive is that If you don't if You're not able to make the earnings Well you know what you sell yourself David I think that You're UH The acquisition you want to cover is very tyal cono is about as Good as it gets and They couldn't Lift their stock Price They Just could Well you've said for a long Time and I can I would Have assumed you continue to believe It's an uninvestable Sector broadly speaking oil oil and Gas whatever you want to Call it gy but You're Right you know there's so many different pressures on these businesses and Another One is esg certainly not something You're getting pressure from the administration on but from shareholders and from those that allocate Capital Jim and that is figuring Into the decision making at these companies as Well and the additional Cost that They May be Taking on to meet certain Goals Under esg so that perhaps They can No Longer Be uninvestable right Well when you go to their different websites you go to conscious website and Remember concho is one of the best There is What They Show You right Up Front is Look here's How we're dealing with pollution here's How we're dealing with the esg issues UH parsley PE has been a Company That's been Out In front saying Listen We got a flarelessess is what you see when you're an astronaut and You look over our country and you see these Bright Lights and they're not cities They are UH Flame and That's Burning off the Natural Gas cuuse We have Too Much Natural Gas in the country so Car We can talk about this Group and UM say you know what at a certain level It's got to be interesting or We can Look at chevron yielding Seven and wondering H it the best is of the best can They Pay that dividend so I come back and say you know what people would rather buy 50 times sales than They would Buy times earnings in the right Group they'll buy 50 they'll Pay mum being 50 times sales Which is Hey By the Way but The companies G are going to continue to Try to position themselves for What for What is coming they're going to continue to Try to position themselves as cono is for this esg world that We live in Where Again UH doesn't Matter what the government of the US thinks It's actually What investors think and Care about and so This is Part of that right I mean and This is a Guy with Tim Lee Who's Who is one of the you know Very Well regarded making a decision to to sell He's going to be a Part of this Company By the Way that That's No He's going to be Running He's going to be Running The lower 48 and I think UH you know Even though this leaked last week The concho deal that Part of it did not and so He's President Yes He's President and UH he will be President UM of the and Running The lower 48 Running All Of that you know the baken and UH and the eagleford and of course The permian so He's regarded as the intellectual of the Group and I think That's really important because he early on recognized you know what we're Not a good Swing producer The perman is terrific we're going to lower our Price It's not going to come back And one of the things that he did David was not based his whole philosophy on the Idea of ​​Pump Pump Pump Because Good prices have to Come he really was about cutting costs and becoming a great Clean producer and I'm glad He's staying on Because He's one of the few that really has that reputation of of being the best We have right right but meanwhile not able to really Create a lot of value in the environment so you do an All stock deal you Roll in and you Hope for the best in terms of the combined Company and that your own shareholder Base is going to be rewarded over Time Given it is an All stock transaction Well David between those two in snowflake at 100 sales you know what I favor snowflake snfake absolutely Every Time I mean Carl We are in some wacko Market i was on the Zoom Call last week I mean Zoom was doing Triple What It was doing like Three months ago and I Know It's 50 times sales but at the same time I want growth not from cutting and hopefully having more oil Per Rig but I want growth that is Pure that is UH dominant in an Era Where covid I'm listening to to when you Listen To Dr gotle He's not saying covid's going to Go I watched last night another Work Dr fch He's very concerned I know johns hopkins is very concerned do I Really want to be in a world Where I think The cov's going to End we're going to Start UH Driving like Mad and oil's going to go Up I'm not buying it Carl I'm not buying that Better Than Ever World