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American May Buyback Shares, Vale May Need a Recapitlization

June 28, 2023
in Trade Tube
Reading Time: 2 mins read
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TheStreet’s Jim Cramer answers Twitter questions on American Airlines (AA), Vale (VALE), FuelCell (FCEL) and Apple (AAPL). Cramer said that while there are signs airline fares have come down and capacity is increasing, his real concern about American Airlines are the potential issues in the integration with U.S. Airways. Cramer believes AA shares could fall another 10-percent, but CEO Doug Parker ‘could continue to buy back stock.’ @TylerHickson71 asks how to invest in Cuba and Cuba stocks, Cramer says, ‘what you really want to do is own Cuban real estate. There’s really no other way to do it and you have to find someone from Germany who has the key to the Cuban market.’ @LevinDiego asks Cramer his thoughts on Vale and FuelCell. Cramer said, ‘Vale is the one that is going to blink the most in terms of them having to do some sort of recapitalization. I’ve hated FuelCell for so long, people hate me for it.’ @KBurkhead asks why Carl Icahn thinks Apple is undervalued, especially when the rest of the market continues to beat it up. Cramer says Apple is a stock to own because it trades at just eleven-times earnings and that ‘What people are betting is that the earnings just are not going to come through. If it gets to $100 and a lot of people are out of it, I’d say own it.’ Send your questions to @JimCramer, with #CramerQ.

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