Jim Cramer's Portfolios of the Week

07/18/08 - 11:11 AM EDT

James Altucher

Updated from 6:59 a.m. EDT

Jim Cramer has been critical of Securities and Exchange Commission Commissioner Christopher Cox all week, since news broke that the SEC is going to start enforcing regulations against the practice of naked short-selling on the financial stocks.

Cramer was shocked and disgusted by this news because naked short-selling is already illegal on any stock. He knows that investors can't rely on the government to protect them in the market. However, regardless of what the government is doing, Cramer has the vast market knowledge and experience to steer investors towards winning ideas.

Recently, Cramer found opportunity in companies with strong balance sheets, natural gas stocks and wind stocks, including Halliburton(HAL Quote) and Quanta Services(PWR Quote).

For the rest of the story, and to find out what Cramer's been talking about lately, please click here.

(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Quanta Services for his Action Alerts PLUS charitable trust.)

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.

Your Recent Quotes: Quote Up0 | Quote Down0
 
Dow S&P 500 NASDAQ
Oil*
64.22
8,292.98
894.51
1,779.57
10 Yr
3.50%
12.24
1.91
16.95
+0.15%
-0.21%
-0.94%
Data delayed 20 min
Get Jim Cramer's Free Newsletter

The Daily Booyah!
Get your daily dose of Cramer in your inbox.
Submit
We respect your privacy.

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer's latest picks now!

Brokerage Partners