Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
After trading sideways for much of 2016, shares of Wayfair had seemingly caught fire this year, racking up an 80% gain in just the past six months. But the bears regained the momentum this month, with shares plunging from $83 to just $69 in a matter of weeks. Nearly 28% of the Mayfair's outstanding shares are currently sold short.
Cramer said the bear case against Wayfair is nothing new. The bears cite, of course, Amazon (AMZN) - Get Report , along with Wayfair's strategy of spending big to grow marketshare. Add to that a rash of insider selling and a recent report that called the company's cash flow an "illusion" and it's easy to see why the shorts are piling in.
Cramer said while he's not entirely buying the bear case against Wayfair, he'd stay away from the stock anyway. You never want to be in one of these battleground stocks, he concluded, there are easier ways to make money.
Over on Real Money, Cramer says he cares about things that move stocks, not for a few minutes or a few days but those that have a genuine impact on the future of the worth of companies. Get his insights with a free trial subscription to Real Money.
Cramer and the AAP team see good things happening for Abbott Laboratories (ABT) - Get Report and Southwest Airlines (LUV) - Get Report . Find out what they're telling their investment club members and get in on the conversation with a free trial subscription to Action Alerts PLUS.
Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
To read a full recap of this episode of "Mad Money," click here.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.
To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.
More of What's Trending on TheStreet:
- Hurricane-Relief Bill Passed by House Includes a Major Perk for Big Insurers
- Amazon's New Echoes Don't Address Alexa's Most Glaring Weakness
- The Ford $100,000 F-450: 'The Most Luxurious, Advanced Heavy-Duty Pickup Truck'
- How to Be as Charitable as Microsoft Billionaire Bill Gates
At the time of publication, Cramer's Action Alerts PLUS had a position in ABT, LUV.