Jim Cramer's Best Blogs

Plus, the commentary was so darned bullish about the future that you couldn't help but be excited.

Sure there are naysayers telling you that because they gave you this big a dividend it's no longer a growth stock. Others groused about the low-single-digit revenue growth. But to me, we have the old Cisco, taking share and taking names and ready to roar back when global growth returns because you can't master big Internet data without this company.

It's ironic. Not that long ago, when Cisco said it was going to give you a good yield, I joked that given its paltry dividend, it could give you a good yield alright, because the stock was headed lower. Next stop 2%, I said at the time.

Now I think next stop 2%, again, except this time it's because I think the stock's going to climb, shrinking that yield in the best way possible. Welcome back Cisco. Terrific work in the toughest environment imaginable.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.

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Transports Get It Going

Posted at 3:20 p.m. EDT on Wednesday, Aug. 15

Transports break out! It's happening, and is it ever necessary.

I have been questioning the transports' ability to confirm the rally of late because so many are tied to coal, which is in secular decline because of the secular rise of natural gas (not the price, but the use), coupled with an EPA that has decided to get rid of coal as a fuel.

But I haven't stopped thinking about the need to get either UPS (UPS) or FedEx (FDX) moving because there is nothing more important to the index than these two companies.

Sure, I think Union Pacific (UNP), the best-acting rail, is a terrific barometer because it has less coal and more China traffic. That said, it does have a lot of repricing that has given it better margins.

The airlines? They have so many intrinsic issues of execution and demand and fuel that they have become an awful tell.

Trucking? I think UPS and FDX are the truckers that have the ability to ship worldwide. But they have been stalled, big time, ever since their quarters. They had been confirming the pathetic Baltic Freight numbers and the hideous Suezmax oil tank day rates. Until today. Today, on the strength of a slim research call that FDX will benefit from a fleet changeover, the stock is roaring. It's igniting a long-needed rally.

I think that we get a couple of up days for the transports and we are going to be talking about a phony rally that might not be as phony as the graybeards -- all of whom swear by the transports -- swear it is.

Watch FDX. Watch UPS. They could be the key to the next leg of the transport rally, which could then be the backbone of the next leg of the entire rally as the canvas unfolds.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.

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