5 Inverse Jim Cramer Stocks to Buy Today

1. Warner Bros. Discovery, Inc. (NASDAQ:WBD)

Number of Hedge Fund Holders: 68

Warner Bros. Discovery, Inc. (NASDAQ:WBD) operates as a media firm. Cramer has been bearish on the stock recently. On August 18, during the Lightning Round of his show, Cramer compared the stock to the part of his garden that had rotten tomatoes. The merger of the firm with Discovery has brought a lot of debt transfer with it, but the company already has plans in place to increase cash flows in the long-term that will help with these payments. The firm is also growing in the streaming space. 

On July 27, Evercore ISI analyst Vijay Jayant maintained an Outperform rating on Warner Bros. Discovery, Inc. (NASDAQ:WBD) stock and lowered the price target to $25 from $40, noting that the firm had a synergized growth story in the legacy media sector. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Laurion Capital Management is a leading shareholder in Warner Bros. Discovery, Inc. (NASDAQ:WBD), with 13.5 million shares worth more than $338 million.

In its Q2 2022 investor letter, Smead Capital Management, an asset management firm, highlighted a few stocks and Warner Bros. Discovery, Inc. (NASDAQ:WBD) was one of them. Here is what the fund said:  

“Leading the downside were stocks we own tied to any economic optimism. Warner Bros. Discovery, Inc. (NASDAQ:WBD) suffered selling from AT&T (T) shareholders disposing of it upon distribution of the shares in the merger. We have been too optimistic about how long it would take for these uninterested parties to sell. Macerich (MAC) suffered from fears of what a recession and higher interest rates would do to their business, disregarding the recovery in the Class “A” mall space since 2020.”

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