Stocks fell Monday as Wall Street comes off a rough week driven by concerns over what effect rising inflation would have on the U.S. recovery.
On TheStreet Live, Jim Cramer and Katherine Ross are discussing AT&T spinning off WarnerMedia, inflation, Elon Musk and Bitcoin and his game plan for this week.
Here are several stocks that fell this past week and could present an opportunity to "buy the dip".
1. Novavax | -17.13% Past Week | -41.50% 1 Month
TheStreet Quant Ratings has rates Novavax as a Sell with a rating score of D.
2. Coinbase Global | -15.15% Past Week | -27.19% 1 Month
Cramer added. "I think the focus for people who are listening [to Musk] should be Coinbase. In the end, Coinbase is going to be the partner for many companies that understand crypto."
3. MicroStrategy | -15.01% Past Week | -30.22% 1 Month
MicroStrategy (MSTR) - Get Report is another cryptocurrency-connected stock that is facing resistance after Musk's Bitcoin announcement and tweets about the cryptocurrency market.
4. Virgin Galactic | -10.64% Past Week | -31.34% 1 Month
Virgin Galactic shares fell after Cowen slashed its price target and ARK Investment Management’s Cathie Wood sold shares.
5. United States Steel | -8.23% Past Week | +11.12% 1 Month
TheStreet Quant Ratings rates U.S. Steel as a Hold with a rating score of C-.
6. Tesla | -7.95% Past Week | -21.73% 1 Month
Cramer talked about the latest with Tesla, Musk and Bitcoin.
TheStreet Quant Ratings rates Tesla as a Hold with a rating score of C.
7. Walt Disney | -6.40% Past Week | -7.88% 1 Month
Walt Disney's (DIS) - Get Report Disney+ had around 103.6 million subscribers at the end of April but slowing international additions weighed on overall growth as the coronavirus pandemic continues to impact Disney's global business.
Cramer talked about why he is sticking by Disney stock this past week.
TheStreet Quant Ratings rates Disney as a Hold with a rating score of C.
8. Airbnb | -6.05% Past Week | -22.86% 1 Month
Airbnb's (ABNB) - Get Report first-quarter revenue beat expectations this past week but its losses for the period came in wider than analyst forecasts which sent the stock lower.
9. Square | -5.05% Past Week | -19.76% 1 Month
TheStreet sat down with VanEck this past week to discuss how FinTech companies like Square and PayPal are shaping the cryptocurrency market.
TheStreet Quant Ratings rates Square as a Hold with a rating of C.
10. BioNTech | -5.03% Past Week | +26.81% 1 Month
BioNTech BNTX shares were rising this past Monday after the COVID-19 vaccine sale drove a revenue surge. Shares fell the remainder of the week after the CDC loosened its recommendations on mask-wearing for vaccinated people in most places.
TheStreet Quant Ratings rates BioNTech as a Hold with a rating score of C.
NOTE: Recently, Quantitative Analysis by TheStreet Quant Ratings objectively rated these stocks according to its risk-adjusted total return prospect over a 12-month investment horizon. Not based on the news on any given day, the rating may differ from Jim Cramer's view or that of this articles' author.
Disney is a key holding in Jim Cramer's Action Alerts PLUS charitable trust. Want to be alerted before Jim Cramer buys or sells any stock? Learn more from Cramer and his membership team now.