NEW YORK (TheStreet) -- "As the quarter winds down, it's time for a time honored tradition on Wall Street," Jim Cramer told the viewers of his "Mad Money" TV show Monday. He said it's time for money managers to try and look a lot more brilliant than they actually are.
Cramer said the underpinnings of the market have clearly tilted from the bears to the bulls in recent weeks, especially on the heels of China announcing today that they will revalue their currency. However Cramer still cautioned individual investors that it's not time to load up on stocks.Instead, Cramer said he'd still use any rallies like today to lighten up on losing stocks, and buy more of the winners on weakness. He also said that the smart money will be on the big money managers, who are now finding themselves on the losing side of the trade, looking to make up for lost time before the quarter ends. Cramer identified five stocks that he said will be the natural choice for money mangers to pile into between now and the end of the month. He said these stocks are up big, both for the quarter and for the year. First on the list was Internet video giant Akamai (AKAM). Cramer said shares of Akamai are up 44% for the quarter and 79% for the year and is a logical choice for money managers looking for a quick gain. Next on the list, SanDisk (SNDK). Cramer said this stock is up 39% for the quarter and 66% for the year and is another logical technology play. Also on the list, MetroPCS (PCS). This barely followed stock is up 26% on the quarter, and 17% on the year, but with solid subscriber gains is also a great choice for money managers, said Cramer. He also recommended Salesforce.com (CRM), which is only up 28% on the year despite a 29% gain for the quarter. Salesforce is at its 52-week high, however. Finally, Cramer recommended Pioneer Natural Resources (PXD), which is up 26% for the quarter and 44% on the year.
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