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:
- The stocks that have become the market leaders, and
- Why he doesn't change his investment thesis on a company for no reason.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
A Follow-the-Leader Market
Posted at 2:26 p.m. EST on Thursday, June 5, 2014So who made Twitter (TWTR) the be-all and end-all of this market? Who anointed Amazon.com (AMZN) as the lead lemming? Why does JD.com (JD) matter so much? There, I wrote it. When the market looked bleak earlier in the morning, these stocks had already gone into the green, the first ones, the leaders in this round of highflying soldiers. Amazon has got a new phone. Twitter caught an upgrade, and the lock-up detritus seems over. JD? Mind of its own. But it doesn't take much for the algo buyers to step in and automatically take Workday (WDAY), FireEye (FEYE), Concur Technologies (CNQR), ServiceNow (NOW), Tableau Software (DATA), GrubHub (GRUB), Tesla Motors (TSLA) and all of the others in the high-multiple game. Of course, those don't explain everything. Boeing (BA) keeps announcing more orders, and its stock and the other stocks in the sector, notably Honeywell (HON) and United Technologies (UTX), are following suit. (CAT) is the leader because of not one but two analogues: Joy Global (JOY) on the mining and earth-moving side, and United Rentals (URI) on the construction side are roaring, the first on a better-than-expected earnings report and the second on an analyst upgrade. Put simply, it's a real good tape, urged on by, this time, positive comments by hedge fund master Dave Tepper and a European central banker who will stop at nothing to get his continent's businesses and banks moving again.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV