Jim Cramer's Portfolios of the Week
Updated from 6:59 a.m. EDT
Jim Cramer isn't letting record high crude oil prices dampen his outlook on the markets. In fact, Cramer believes investors should use the strength in commodities to make money. Recently, Cramer found opportunity in wind-related stocks, stock plays he's screwed up in the past and gold stocks.
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 (these blog post links require a
RealMoney
subscription).
Cramer's Favorite Natural Gas Stocks
: Recently, Cramer said 2008 is "the year of natural gas." On
Tuesday's "Mad Money" show
, Cramer told viewers: "With the growth rates for a natural gas drillers averaging 15%, investors will be hard pressed to find such high growth in any other sector."
Cramer's Favorite Natural Gas Stocks
include
El Paso
( EP) and
EnCana
(ECA) - Get Report
among others.
: Comments by Warren Buffett on Wednesday's
CNBC
"Squawk Box" segment helped Cramer realize that wind mills are in short supply. In a
, he wrote: "We caught a moment earlier this week when it became clear to me that wind power may be the biggest sleeper out there."
include names like
Broadwind Energy
(BWEN) - Get Report
among others.
Cramer's Gold-Is-Back Stock Picks
: Cramer believes investors should once again look toward gold to make money. On
Thursday's "Stop Trading!" segment
, Cramer told viewers: "Oil is correlated to supply and demand. The stocks are signaling that gold is going higher."
Cramer's Gold-Is-Back Stock Picks
include
Yamana Gold
(AUY) - Get Report
among others.
: All week long, Cramer has been talking about some of his blown calls in hopes that viewers can learn from his errors. On
, Cramer told viewers: "My real mistake was greed. Despite recommending
Schering-Plough
( SGP) at $16, I did not take a profit when the stock hit $31."
include
(GOOG) - Get Report
among others.
: Cramer has been shocked that some companies are reporting strong earnings in this tough economic environment. In a May 6 blog post he wrote, "Earnings are unbelievably good. They are amazing. And they should be terrible."
include
NYSE Euronext
(NYX)
and
Emerson Electric
(EMR) - Get Report
among others.
Cramer's Oil Stock Picks Off Exxon's Miss
: Cramer believes investors should use the weakness created by
Exxon's
(XOM) - Get Report
earnings miss to buy oil stocks. In a
, he wrote: "This is so, so wrong. Here's the deal: The Exxon quarter was about one tension: the need for Exxon to stop buying back stock and start drilling."
Cramer's Oil Stock Picks Off Exxon's Miss
include
Chesapeake
(CHK) - Get Report
and
Oil Services HOLDRs
(OIH) - Get Report
among others.
Cramer's U.S. Gems Eyed by Europe
: Cramer believes some U.S. gems are on the radar of European companies, due to a weak dollar. In a
, he wrote: "Yesterday was really ugly. But this market doesn't have much of a memory. Go back over the franchises with great brands that have been crushed both here in stock and there in currency. These are no longer going to be needles in a haystack." Check out
Cramer's U.S. Gems Eyed by Europe
.
Cramer's 'Retail Stock Trade Is Over'
: Cramer thinks it's time to lock in profits in the retail complex. In a May 8 blog post, he wrote: "This group, which enjoyed a nice rally, is now truly dead to me for a while."
Cramer's 'Retail Stock Trade Is Over'
includes
Best Buy
(BBY) - Get Report
and
Home Depot
(HD) - Get Report
among others.
Cramer was full speed ahead
with his latest
. He was bullish on several stocks such as
Sprint Nextel
(S) - Get Report
and
Koppers Holdings
(KOP) - Get Report
, but also bearish on the likes of
Sigma Designs
(SIGM)
and
Oshkosh Truck
(OSK) - Get Report
.
(Editor's note: At the time of original publication of his posts and shows, Cramer owned El Paso, NYSE Euronext, Schering-Plough and Yamana Gold for his Action Alerts PLUS charitable trust. And General Electric owns CNBC, for which Cramer is a featured commentator.)
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
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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