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
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Jim Cramer: Dogs Having Their Day

NEW YORK (Real Money) -- We've got some real worst-to-first games going on here.

I have flagged the Alcoa (AA) renaissance endlessly now, adding the chart work of Ed Ponsi to the mix. The stock can truly go much higher and has no real resistance to it.

Bank of America (BAC) has hung in as one of the best performers, and I think that's going to be the case for some time.

But now I am seeing the real dogs starting to do better. Have you looked at Nordic American Tankers (NAT)? The day rates are up on average about 5 times what they were last year at this time, and this stock is starting to reflect those gains. I always fear more equity deals, which is why I have pronounced this one only a trade. But holy cow, is this thing ramping.

Take a look at Baker Hughes (BHI). This oil service company had the lowest expectations going into the quarter, yet the company was positively giddy on the call, and now I see numbers going up for 2015 in the notes that have come out today. There's this moment on the call, by the way, where CEO Martin Craighead simply says, "I am excited," and then says when asked whether he is excited "about the growth potential," he answers, "I am very excited." No wonder the stock jumped huge.

If you are like me, you are tired of hearing about the disappointments from the voice recognition company Nuance (NUAN). The Siri partnership with Apple (AAPL) hasn't generated upside. Nor has the Icahn position. But this huge upside surprise is getting it going for sure.

Even Linn Energy (LINE), which had become the dog of the master limited partnership group, has gotten some love, this time from Howard Weil, which is important. Some of that is the company's natural gas exposure. Those companies have been going crazy with the cold. Some of it is the Wolfcamp windfall (60,000 acres ready for horizontal drilling) and some of it is the Berry Pete closure. But probably most important is the pause in rates, which has a lot of MLPs and utilities and REITs going higher.

The love doesn't extend to every dog. AMD (AMD) and IBM (IBM) certainly aren't getting much. But then again, IBM had held in after the last few miserable quarters, I think because of Warren Buffet's buying. AMD went up because of the console business.

They both really didn't deliver.

Not every dog has its day.   

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long AAPL and BAC.

Editor's Note: This article was originally published at 8:37 a.m. EST on Real Money on Jan. 22.

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
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Our Tweets

Brokerage Partners

Top Rated Stocks Top Rated Funds Top Rated ETFs