Just 7 short weeks ago [6], no lesser guru of gains than CNBC's Jim Cramer proclaimed for all retail-stock-investing moms-and-pops that "through the end of the year, I am pegging Twitter, GoPro, Tesla and Netflix as the four stocks that investors will find irresistible." Things are not going well...
Via CNBC from September 2nd 2014, [6]
Given circumstances, Cramer sees money rotating out of multinationals, especially those with significant European exposure. Therefore, he's skeptical of big industrial giants as well as many global technology companies.
Cramer believes companies with little to no exposure to the crisis in Ukraine, or the resulting ripple in Europe, are most likely to attract investment.
"Therefore, through the end of the year, I am pegging Twitter, GoPro, Tesla and Netflix as the four stocks that investors will find irresistible," Cramer said.
Not only are they relatively isolated from overseas woes, but Cramer says they each have specific catalysts that should drive gains.
"Twitter's turned the corner ever since CFO Anthony Noto got there to add discipline and ways to make money. GoPro's got an eco-system with the hottest product for the holiday season and we always jump that gun in September. Tesla's just a really well-run company, and unlike the other car companies I follow, it is almost all domestic. And, As more movies are added to streaming and more productions come on line I can see Netflix powering higher."
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And then this happened... TWTR -17%, TSLA -18%, NFLX -21%, GPRO +20% (but collapsed from +70%)
[7]
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Of course Mr.Cramer was not alone in this call...
