Reactive Selloff Will Let You Buy Nat Gas

It didn't take long for the rebound. Southwestern Energy (SWN - commentary - Cramer's Take) reports a great number -- did anyone think it wouldn't? -- and the dramatic rebound starts immediately in the beaten-down nat gas stocks. Funny, XTO (XTO - commentary - Cramer's Take) reported a great number, but that was in the selloff. Now it can ramp, too.

Nothing works right without a bounce in oil, and we have it. To me, though, again, the story of natural gas. We can find it, it's cheap, it will be used in cars and trucks, and unlike ethanol, it doesn't require a dramatic change in regime to be used in more than just utilities.

Now, let's go over what got killed: XTO, Apache (APA - commentary - Cramer's Take), Devon (DVN - commentary - Cramer's Take) and Anadarko (APC - commentary - Cramer's Take). I don't trust these stocks to be up all day. I thought there would be another day of reversal but that the money would come back, and it has. El Paso's (EP - commentary - Cramer's Take) the cheapest.

Infrastructure has pulled back, too, Go listen to the ABB (ABB - commentary - Cramer's Take) conference call and you will know that energy infra is stronger than ever. But, again, it reported when the oil futures were down, so now that group can be bought. Broken record department: I like Foster Wheeler (FWLT - commentary - Cramer's Take).

I would wait until we get a reactive selloff today on these groups, because some people are sick of the volatility (ag, too).

Then I would start buying.

Random musings: If I were at my hedge fund I would just go buy calls, deeps, on Visa (V - commentary - Cramer's Take) and MasterCard (MA - commentary - Cramer's Take). That's where the dedicated financial funds are going. Buy MA today cause there are sellers. ... Oh please: the tobaccos are down again. I can't believe how stupid this is. The yield on Altria (MO - commentary - Cramer's Take) is great. This is not the breakout quarter. Philip Morris International (PM - commentary - Cramer's Take) delivered great results. These companies have had a history of NOT underpromising and overdelivering. They just deliver. ... Raytheon (RTN - commentary - Cramer's Take) is down on a nothing call, but so what. Analysts are more powerful on a downgrade than an upgrade. ...

At the time of publication, Cramer was long XTO, Altria, Philip Morris International, El Paso, Raytheon and Foster Wheeler.

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