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Jim Cramer's Portfolios of the Week

05/16/08 - 11:57 AM EDT

James Altucher

Updated from 6:52 a.m. EDT

Jim Cramer isn't afraid to challenge short-sellers on Wall Street. He has been putting bears on blast all week for what he feels is a premature call for oil to sell off. Recently, Cramer found opportunity in stocks that will benefit from the earthquake in China, packaged-goods stocks and energy 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 (these blog post links require a RealMoney subscription).

Cramer's Solar, Wind and Nat Gas Stocks: Cramer believes that solar, wind and natural gas stocks can run until oil hits his target of $150 a barrel. In a May 14 blog post, he wrote: "You can wait for an oil pullback, but think of this: Iran takes off 500,000 barrels a day, and you can't get oil below $120. It is that tight. Forget what you read about a slowdown in demand because of price." Cramer's Solar, Wind and Nat Gas Stocks include Renesola SOL and First Solar FSLR among others.

Cramer's Rebuilding China Stock Plays: Cramer knows exactly which stocks will benefit from a rebuild in China. In another May 14 RealMoney blog post (that was reposted on TheStreet.com), he wrote: "This rebuild will soon obliterate any worries about U.S. demand. You can only imagine the kind of heavy equipment that will have to be bought for that rebuild, and with a weak dollar, the orders will go to the U.S. manufacturers of heavy equipment." Cramer's Rebuilding China Stock Plays include U.S. Steel X and Cummins CMI among others.

Cramer's Bears Are Wrong on Oil Selloff: Cramer feels that bears on the Wall Street are dead wrong with their calls for oil to trade lower. In a May 13 blog post, he wrote: "So much for the oil selloff. Remember that? Remember how the bears were saying the run was over? They will be back again on either a high inventory oil or nat gas number. I urge you not to listen to their sirens until we get to $150." Cramer's Bears Are Wrong on Oil Selloff include Broadwind BWEN and Trinity TRN among others.

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At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.


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