Jim Cramer's Portfolios of the Week
The market has chopped around as expected in this first week after Labor Day. In what was a short week, we still had lots of news and plenty of market pundits giving their predictions for the rest of the year.
Jim Cramer was back on the scene and as usual was looking at everything from the standpoint of an interest-rate-cut. Cramer still believes we need the
Federal Reserve
to cut rates. However, he focused on helping us to find investments no matter what the Fed decides. There are always good opportunities, and Cramer continued to point them out.
Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
CNBC
and his
RealMoney
blog posts.
: In an Aug. 31 blog post, Cramer wrote:
"The capital goods sector continues to signal health in the world's export market. ... All of these companies have two things in common:
1) They look overseas for orders.
2) They aren't that big-cap.
... I have been all over this trend and have refused to back down from the point of view that these stocks are the 1990 version of the growth stocks that were able to avoid the financial gravitational pull that so weighed on the market. These stocks are in orbit, and the fact that many of these stocks are on the verge of hitting 52-week-highs or are near them shows you, once again, what to go to the next time we are down 200 points on the Dow."
include
Cummins
(CMI) - Get Report
and
Johnson Controls
(JCI) - Get Report
.
and
: In a Sept. 4 blog post, Cramer noted that
oil and tech are a powerful combination. That can power us higher and make us feel more comfortable, perhaps even more comfortable than we should, given how overbought the market is as measured by the S&P 500 oscillator that I follow. When you combine the seasonality of tech with the oil price at $75, suddenly you are breaking free of the stranglehold that the Fed's moves have had on the stock market. These two areas were immune in 1990's credit crunch, and they are immune now.
Cramer's
include
Hewlett-Packard
(HPQ) - Get Report
and
Texas Instruments
(TXN) - Get Report
. His
include
ConocoPhillips
(COP) - Get Report
and
Chevron
(CVX) - Get Report
.
: On a related note, Cramer was again talking about how strong his four horsemen of tech have been. "They are truly amazing in the way they act now. They either hit endless new highs or are working toward them. To me, the one that is now most undervalued is
(GOOG) - Get Report
. That's a company that has become "cheap" vs. the rest of them."
also include
Apple
(AAPL) - Get Report
.
: On his "Mad Money" shows this week, Cramer offered us insight into a number of different plays he liked for a variety of reasons. These
include several stocks in different sectors, including
Carolina Group
(CG) - Get Report
and
Herbalife
(HLF) - Get Report
.
Cramer was full speed ahead this week with his latest
. He was bullish on several stocks, such as
Yamana Gold
(AUY) - Get Report
and
Luxottica Group
(LUX)
but also bearish on the likes of
Harmony Gold Mining
(HMY) - Get Report
and
Countrywide Financial
( CFC).
(Editor's note: At the time of original publication of his posts, Cramer owned ConocoPhillips and Hewlett-Packard for his Action Alerts PLUS charitable trust.)
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for
The Financial Times
and the author of
Trade Like a Hedge Fund
,
Trade Like Warren Buffett
and
SuperCa$h
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
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