Jim Cramer's Portfolios of the Week

Stock quotes in this article: GILD , WFMI , CVX , GE , BSX , NVDA , XTO  

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By Roberto Pedone

PEWAUKEE, Wis. (TheStreet) -- According to Jim Cramer, there's too much good in the market to be bearish. Cramer thinks the smart move for investors is to continue to buy the dips. He cited reasons such as too many upgrades and too much bullish news flow, such as increased traffic at retailers and strong sales chatter out of mobile handheld makers.

Cramer said he likes the increase in mortgage applications and the ability of American homeowners to refinance out of their toxic adjustable-rate mortgages and into new mortgages at some of the lowest rates in history. Cramer believes that home prices are starting to stabilize and that that will help drive bank stocks higher.

Cramer also mentioned that Wall Street analysts who have stayed quiet during this big rally, waiting for stock prices to decline to issue buy ratings, are now rushing in to upgrade stocks like crazy. Cramer pointed out that negative stories are getting all the attention in the media, but the fact remains that stocks continue to move higher.

Recently, Cramer found opportunity in health care stocks, natural gas stocks and technology 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 require a RealMoney subscription).

Cramer's Health Care Stock Buys: Is it time to buy health care stocks? On Wednesday's "Mad Money" episode, Cramer told viewers to forget about President Obama's health care reform plans and instead focus on the real story: the "swine flu virus." The Cramer's Health Care Stock Buys portfolio includes Boston Scientific(BSX Quote) and Gilead Sciences(GILD Quote).

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