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NEW YORK (TheStreet) -- The analysts are trying to get you out of stocks at just the moment you should be staying in, Jim Cramer said on "Mad Money" Wednesday. Cramer said after years of being criticized for being too bullish, the analyst community now appears to be permanently skeptical.
That was the case with with two Cramer faves, United Technologies (UTX) and Honeywell (HON), the latter a stock Cramer owns for his charitable trust, Action Alerts PLUS. He said both stocks received downgrades today, panned for, of all things, being too broadly loved on Wall Street. This came at a time when both companies are offering investors growth, dividends and stock buybacks.
Wendy's (WEN) also received a downgrade today despite only being a fraction of the way into its turnaround efforts, which are bringing new restaurants and a new menu to its stores. Why sell now? asked Cramer.The banks is another sector coming under fire by the analysts, Cramer noted, just as bad loans are winding down and the net interest margins are ramping higher. KeyCorp (KEY) and U.S. Bancorp (USB), two more Action Alerts PLUS names, also got tagged with unwarranted downgrades. Even Twitter (TWTR) has not been immune to the analysts' new-found pessimism, Cramer concluded.