This Day On The Street
Continue to site
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

Bigger Than Tech; Showing Bruises: Cramer's Best Blogs

NEW YORK ( TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
  • financials vs. tech; and
  • disruption in tech.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.

The Market Is Bigger than Tech

Posted at 12:48 a.m. EDT on Friday, July 19

The market is bigger than Microsoft (MSFT - Get Report), Google (GOOG - Get Report), Intel (INTC) and eBay (EBAY).

This market is about General Electric (GE) and Schlumberger (SLB) and Bank of America (BAC) and UnitedHealth (UNH). We have so many OTHER ways to win away from tech that we don't want to be blinded by the high-profile disappointments.

Remember, financials are almost as big as tech in the S&P 500 and that's fabulous news for the market. I am dazzled by literally every single bank and broker. Regional, national whatever and they are, even after these terrific earnings they can still go higher. My favorite remains Wells Fargo (WFC), which won't get expensive until it's $50. But Bank of America can go back to $16 without much of an effort.

The industrials? Take a look at Eaton (ETN) if you like what you heard from Honeywell (HON) and General Electric and Ingersoll Rand (IR). That's the analogue.

UnitedHealth and Johnson & Johnson (JNJ) are the best proxies for how well health care's doing in this market and it is fantastic. These stocks, while expensive now, don't make sense to sell. How are you going to get back in?

Then how about that Schlumberger? International drilling is finally being spurred by the inexorable price of oil. I think that bodes well for tons of companies including BP (BP), which I interviewed last night, and Occidental (OXY), as well as one that I am shocked isn't higher, Ensco (ESV).

Finally there's the commentary from Union Pacific (UNP). You think this country's not coming back? Go listen to that call. Autos? Oh my, they are strong. Chemicals -- including oil -- are amazing. Materials all good. Most terrific, I think, was coal. You need to watch coal. It's not going down. That's why I like Joy Global (JOY), but it is so hated after Jim Chanos talked about how you must bet against the commodity supercycle by shorting Caterpillar (CAT). Joy is regarded as CAT without the infrastructure diversity. I think it's just too cheap to avoid.

At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long EBAY, ESV, ETN, GE, HON, JOY, OXY and WFC.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,891.16 +117.52 0.66%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs