Four out of 30 is not bad, he said. Meanwhile, the other stocks on the Dow have balance sheets that are "beautiful." Honeywell (HON Quote), DuPont (DD Quote) and Hewlett-Packard (HPQ Quote), which Cramer also owns for his charitable trust, seem to be working, to name a few, he said.
In addition, Cramer believes that AT&T (T Quote), Verizon (VZ Quote), Pfizer (PFE Quote) and Merck (MRK Quote) have the tools to weather this market. "With that list of stocks, how is it any wonder that the Dow didn't get crushed yesterday like it was supposed to, or get annihilated today like it was supposed to," he said.
Free to Be CME
A stock that works whether the market is up or down 100 points at the bell is CME Group (CME Quote), Cramer told viewers. This company, which operates the Chicago Mercantile Exchange and Chicago Board of Trade, is profiting from the ups and downs of the market every time people make a bet, he said. Plus, it's "new and improved" coming off the merger with the CBOT, Cramer said. The newly merged company is so great, the Justice Department should never have let it go through. Now, with the merger complete, CME has the potential to pretty much charge whatever it wants.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,328.89 | 1,102.47 | 2,211.69 | 35.46 |
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