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We recently published an article titled Jim Cramer Discusses These 12 Stocks & Says Late Selloffs Are Deliberate. In this article, we are going to take a look at where MicroStrategy Incorporated (NASDAQ:MSTR) stands against the other stocks.
In a recent appearance on CNBC's Squawk on the Street, Jim Cramer commented on a late-hours market selloff. Cramer shared that he was "tired of it [the selloff]. I'm tired because it just seems totally artificial. I mean someone comes in and blitzes the market in the last twenty minutes." He believes "There's no reason to do that other than you wanna take it down. I don't know why, I've seen this periodically in my career. These are, what I regard as being, deliberate. Not manipulation, because that's too strong."
The selloffs are "a deliberate attempt to send the market down because the market can't handle the level of selling," he added. He added that since "buybacks stop at three thirty. So if you really want to get a good price you wouldn't just come there and jam it." Cramer posited that the selloff was done by "someone who wants the market down. . . .You know, David, this is no sin to point it out. There are a lot of people, let's say someone wanted the market up. You know, they come in at the end of the quarter and take it up. Somebody wanted the market down. It made no sense to come in. This is the third day that they blitzed the close."
When asked whether we'll ever find out who was behind the selloff, the CNBC TV show host stated: "Well no, and you never will know." Cramer's co-host David Faber also wondered about the role of algorithmic trading in the markets. Cramer believes that such traders "think they're going to make money. They're not doing it."
The conversation then shifted to the Magnificent 7 stocks which have been underperforming lately. According to Cramer:
"Yeah but Morgan Stanley's saying they're underweight in these big caps. But then again if you were actual weight in these big caps, you'd have thirty percent NASDAQ, you know and it would be mostly Mag 7. So to be underweight may not be as important. But this is what people are talking about."
Another topic that he frequently discusses on his show is Elon Musk and DOGE. On this front, while some judges might have granted government employees reprieve, Cramer believes that it can be short-lived. He shared:
"Well they got a lot of Democratic judge[s] who are probably not in the favor of this thing. You got the right judge, you get in Supreme Court, they're gonna win. I mean that's the whole point. But I would say that Bank of America's finally addressed it, really good fact. Yes. . . USAID, that's all a dry run. It's a dry run for the big guys. And the big guys are the Department of Defense and Medicaid, and here they come. They're going."