Jim Cramer's Portfolios of the Week

Stock quotes in this article: MER , WFC , WB , VZ , T , PG , TXT , BBY , HON , AAPL  

The market continues to show strength, and Jim Cramer believes we are back on track toward his year-end Dow target of 14,548, which, as one observant Stockpickr member noticed, happens to also be the ZIP code of Shortsville, N.Y.

We're not out of the woods yet, but the rate cut from the Federal Reserve stabilized the market. Cramer does believe there could be dips, but he wouldn't wait around for them as entry points. As is always the case, there are plenty of good stocks to play, and Cramer continues to show us the way to those stocks.

Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts.

Cramer's Bank Stocks: Last Friday, Cramer was all over the bank stocks. In a Sept. 21 blog post he wrote:

Brokers are too hard. Are banks too hard? I see this big downgrade to sell on the banks by Merrill Lynch and I have to admit that it is tempting. I just hit up the short interest for Wells Fargo(WFC Quote) and Wachovia Bank(WB Quote). These numbers are extraordinary. There is so much short pressure on these names that I have to believe they are calling every analyst and demanding downgrades and the merchandising of the short stories. I find it laughable. ... If you pick a bank with a 5% yield and you just wait, you will make good money from the cuts alone.
Check out Cramer's Bank Stocks at Stockpickr.com.

Cramer's Recession Stocks: Cramer does not embrace that new rap that goes: "The recession's going to be really deep." In a Sept. 24 blog post he wrote:

I am telling you that if that's the case, there are so many stocks to buy that you are going to be shaken out if you don't focus on them. We have a weak dollar, which means we can make a fortune in the growth drug stocks and tech stocks. ... You can't let the "it must be really bad" camp, which I thought would have surfaced last week but didn't, scare you out of the market, because it won't be the "market" that will outperform -- it'll be the economy.
Cramer's Recession Stocks include Verizon(VZ Quote), AT&T(T Quote) and Procter & Gamble(PG Quote).
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