DOW
loading...
NASDAQ
loading...
S&P
loading...




Action Alerts PLUS
RealMoney Silver
Market Movers
Stocks Under $10
Options Alerts
Breakout Stocks
View All


Now, enjoy the good life every day!

RSSRSS FEEDS
PODPODCASTS


RealMoney.com: James J. Cramer
Print This Story

Stocks Creeping Up

By Jim Cramer
RealMoney.com Columnist

11/3/2004 12:02 PM EST
 
 Market Commentary BULLISH
  • Fedex's break into the $90s seems lasting, certainly more so than that dip when the company was cautious.
  • Ever since IBM's buyback, the stock's been moving up nicely.
  • Bear Stearns could be helped by this Social Security privatization talk.



Getting some nice creep up. Creep up is when stocks break from one handle -- or first digit -- to the next without fanfare.

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.

Related Stories
Traders Gotta Get In This Market
For the Second Term, Hit the Obvious Plays
Classic Consumer Plays Give Market Oomph

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.

Go to NEXT PAGE



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. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to jjcletters@thestreet.com. Listen to Cramer's RealMoney Radio show on your computer; just click here. Click here to buy Cramer's latest book, "You Got Screwed!" Click here to order Cramer's autobiography, "Confessions of a Street Addict."

Write us!
Order reprints of TSC articles. Top



Brokerage Partners


TheStreet Premium Services
Jim Cramer
Jim Cramer's Action Alerts PLUS
Now any level of investor can trade right alongside a Wall Street pro — and enjoy 24/7 access to his portfolio! Learn More
Doug Kass
RealMoney Silver
The genius of Doug Kass + 5 Premium Services = an unrivaled group of expert fundamental analysts, technical analysts, and Wall Street observers. Learn More
Don Dion
NEW! Don Dion's ETF Action
A concise two-step strategy for learning and trading in this increasingly lucrative area of investing. For all levels of investors! Learn More
David Peltier
Stocks Under $10
David Peltier is ready to help you find affordable stocks under $10. Because they're so inexpensive, the payout could be enormous! Learn More
Bryan Ashenberg
Breakout Stocks
Bryan Ashenberg combines sophisticated screening software with eagle-eye analysis to find small and mid-caps ready to break out! Learn More

Investor Relations | Privacy Policy | Terms of Use | Conflicts Policy | Corrections | Internet Index | Advertise | FAQ
Site Map | Who's Who | Reader Feedback | Employment | Contact Us
RSSSubscribe to our RSS Feed
© 1996- TheStreet.com, Inc. All rights reserved.
TheStreet.com's enterprise databases running Oracle are professionally monitored and managed by Pythian Remote DBA.