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I see terrific creep-up in Federal Express (FDX - commentary - Cramer's Take), which is amazing considering that not long ago we were worried about the bogus "warning" that the company issued. This break into the $90s seems lasting, certainly more lasting than that dip when Fedex gave you the boiler plate of caution. Or how about IBM (IBM - commentary - Cramer's Take)? Ever since that buyback, the stock's been moving up nicely. The company's down there backstopping the stock as it rallies, giving it, too, a sense of permanence. Similarly, Bear Stearns (BSC - commentary - Cramer's Take) seems to be making a very strong move up here, one that could only be advanced by this current environment in which the privatization of Social Security can now occur. And add Nike (NKE - commentary - Cramer's Take) and VF Corp (VF - commentary - Cramer's Take) (VFC - commentary - Cramer's Take) to the list of companies that seem to work inexorably higher. I point these out because there's much more to this market than GERQY, as great as GERQY is. We have lots of really terrific companies that clearly qualify as winners that will now be jumped on in any weak moment.
For example, do you really think that if Black & Decker (BDK - commentary - Cramer's Take) pulls back here, anyone's going to balk from buying it? Do you believe that Target (TGT - commentary - Cramer's Take) or 7-11 (SE - commentary - Cramer's Take) or Boyd Gaming (BYD - commentary - Cramer's Take) won't gain adherents on weakness, not lose them? Don't Carnival (CCL - commentary - Cramer's Take) and Domino's (DPZ - commentary - Cramer's Take) (DOM - commentary - Cramer's Take) and Pentair (PNR - commentary - Cramer's Take) have that air about them of winners that you can buy and make good money with over time? Isn't it time people recognize that UnitedHealth's (UNH - commentary - Cramer's Take) multiple can expand or that Boeing (BA - commentary - Cramer's Take) and United Technologies (UTX - commentary - Cramer's Take) now have very clear paths upward? Can anything really knock down Guidant (GDT - commentary - Cramer's Take) or Johnson & Johnson (JNJ - commentary - Cramer's Take) from here until year-end? And those are just the listed stocks.
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At the time of publication, Cramer was long UnitedHealth.James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made.
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