This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

'Real Money' Wrap-Up: Why Cramer Loves This Tape

Jim Cramer blessed Tuesday's tape by encouraging his radio listeners to "celebrate the confluence in stocks."

On his "RealMoney" radio show , Cramer said 462 stocks -- those making new highs Monday -- can't be wrong.

"Usually if oil goes up nothing else can," said Cramer. "But nowadays, oil, retail and everything else is going up together. That means that there is more cash out there chasing stocks, and the Fed is not killing the economy."

As evidence that the consumer still feels flush, Cramer cited Tuesday's positive performances in his so-called four horsemen of the consumer: Sears (SHLD), Best Buy (BBY), Home Depot (HD) and Lowe's (LOW). All four were ramping and, according to Cramer, "when those pins fall, you are going to get a strike."

The pin action from the retailers will help companies that sell products designed to improve people's homes, such as Black & Decker (BDK), Stanley Works (SWK), Masco (MAS) and American Standard (ASD).

Likewise, Cramer believes that Best Buy is "ground zero for technology," and that means good things for the likes of Apple (AAPL), Dell (DELL) and Corning (GLW) which makes liquid crystal displays for big-screen TVs.

Technology flying off the shelves at Best Buy also means good things for semiconductor manufacturers, since all those tech toys are stuffed with chips.

Furthermore, Cramer highlighted that summer is typically not the best time for retailers, something he says augurs a strong fall.

"Housing, autos and retail are all doing better than anybody thinks," said Cramer. "Use the selloffs to put money to work."

Despite the solid tape, Cramer said not everything is a raging buy. He is not high on financials, other than longtime fave Commerce Bancorp (CBH), and he is also not big on chemical stocks.

In his "Danger Zone" segment, Cramer suggested selling WPT Enterprises (WPTE), the force behind the television phenomenon World Poker Tour.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,582.21 +225.34 1.30%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs