This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer: Black Is White, Up Is Down

Stocks in this article: DV APOL JCP TGT AAPL BBY PHM PCS FTR AMZN NFLX

This entry from Jim Cramer's blog is brought to you compliments of Real Money -- the popular investor's source for financial coverage and analysis. To see all the blogs, including Jim's, in real time, click here >>

NEW YORK ( RealMoney) -- It is truly a frontsie-backsie moment here in the stock market. We have the euro plummeting and we look the other direction, a car-wreck that's not producing an ounce of rubber-necking, let alone a 100 car pileup. We have a bank group with severe number cuts that doesn't collapse.

And today we have a remarkable group of companies rallying; companies that have been under attack from short-sellers for as long as we can remember and they are all rallying. First is Netflix (NFLX), which has been on a tear ever since the year began as if either the sellers have walked away or the short-sellers have decided not to press their luck just in case the streaming business has gained steam. Netflix has raised the capital it needs. Maybe the negative story isn't playing out any longer.

>>Cramer: 2 Bank Stocks to Buy

Then there are the for-profit schools that have been annuity shorts, meaning stocks that have gone down and down and down and have been short-selling bonanzas. Apollo (APOL), better known as owner of the University of Phoenix on line, simply didn't do as horribly as the bears thought it would. So the stock's running and taking up fellow traveler Devry (DV).

Then there's JCPenney (JCP), with its miserable same-store sales numbers yesterday, a stock that should have been down again, especially because Apple (AAPL) is rumored to be making a deal to put Apple stores in Target (TGT), not Penney. Significance? JC Penney is now being run by Ron Johnson, the architect of the incredibly successful Apple retail effort. What's happening with Penney stock? It's rallying. Smells like short covering to me.

Same with Best Buy (BBY). The company once again disappointed. But this time, unlike all of the other times, the stock's putting on, not shedding points. That's got squeeze written all over it.

>>Learn about Real Money, a premium service that relays investment strategies from veteran Wall Street pros.

Then, when you want to talk about beaten down, take a look at how Pulte's (PHM) doing. It's part of the resurgent homebuilding sector that has been taking a beating for ages. The shorts are declaring victory. They seem to be declaring victory in MetroPCS (PCS) and Frontier Communications (FTR), two road-kill names.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs