On Tuesday on CNBC's "Stop Trading!" segment, Jim Cramer said that Exxon Mobil(XOM Quote) was his "tell" for predicting a bottom in oil. On Wednesday's segment, he said Exxon is also the stock he looks to to predict whether there will be an end-of-the day rally.
He told viewers to start watching the stock at about 3 p.m. EST. "This stock will predict it. If this stock goes positive by 3:30, you will see one of those end-of-the-day ramps 90% of the time, regardless of where oil is," he said. "This stock has been the key to every single rally." He said there's no need to watch any other stock to predict a rally, "with the possible exception of Apple(AAPL Quote)." "Just watch Exxon," he said. "When that stock goes positive, you're going to get a rally." With the impending release of Research In Motion's(RIMM Quote) BlackBerry Storm and a recent buy recommendation on the stock from Goldman Sachs, investors are watching RIM, too. "If you're a bull, you know that five other analysts are going to recommend RIM," Cramer said, "and maybe you catch three points, which in this market is monumental." Cramer also addressed the yields of New York Times(NYT Quote), which pays a 13% dividend, and Gannett(GCI Quote), which pays close to 22%. "I don't know," said Cramer. "When I start seeing dividends of 22%, it raises eyebrows."- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,291.26 | 1,098.51 | 2,166.90 | 34.74 |
Oil *
77.92
|
|
UP
44.29
|
UP
5.50
|
UP
15.82
|
DOWN
0.08
|
10 Yr
3.47%
SPDR Gold
109.60
|
|
+0.43%
|
+0.50%
|
+0.74%
|
-0.23%
|
Data delayed 20 minutes |














