Jim Cramer's Portfolios of the Week
Over this past week, Jim Cramer pointed out that there are bullish signs that even the bulls are missing.
He said one of the greatest things that can happen to any market is that earnings estimates stay low. The most important determinant out there for stocks is upward revisions, and Cramer believes we will see plenty of those. He also reminded us that small pullbacks create nice opportunities to buy in this market. And don't panic. History dictates that we should not panic in this market.
Here are some of the highlights from Jim over the past week (aggregated from "Mad Money," "Stop Trading!" and his
):
Cramer's Fed-Induced Boost Stocks
: Cramer noted this week that "Germany's back to up 25% for the year. The Chinese market is booming ... again. France, Germany and Sweden are up double digits. U.S. treasuries have had their best week in months. The selloff has strengthened the market and washed out the free riders and the weak hands. In other words ... this time the Fed is actually going to ease ... but don't expect an ease yet. But do expect talk of an ease, which will, indeed, propel this market higher." Cramer's Fed-Induced Boost Stocks include
Citigroup
(C) - Get Report
and
Goldman Sachs
(GS) - Get Report
.
: Earlier in the week, Cramer had to point out that his Fab Four of Tech were as strong as ever. "Right back. That's what the horsemen do. ... These are the stocks that have captured the market's attention. When they get hit, the blows are glancing." He said they "are in charge" and are all "gigantic names that are so good they can't be competed with anymore." They have now reached "must-own status." Cramer's Fab Four is led by
(GOOG) - Get Report
and
Apple
(AAPL) - Get Report
.
To watch Janet Alvarez's video take of this column, click here
.
: Cramer loves to point to his seven anointed stocks and ask: "Is there a price they won't pay for them? I am talking about the anointed stocks, the ones that won't quit. These stocks are flat on down days and up big on up days. We saw this kind of buying in the 1990s, but not in the last seven years." One of Cramer's 7 Anointed Stocks is
Mastercard
(MA) - Get Report
.
Cramer's 4 Go-To Tech Hardware Plays
: Cramer noted yesterday that "you can see where the tech rally springs from:
Intel
(INTC) - Get Report
. It has reasserted itself as a bellwether of old tech and its resurgence has created a bid under the SOX." He then continued with his theme that there are real winners in tech hardware. These are go-to names and are investible now.
IBM
(IBM) - Get Report
stands with Intel as one of Cramer's 4 Go-To Tech Hardware Plays.
: Cramer believes there is an undervalued minerals trend right now. He pointed out that "People just don't get China. I have been listening to the bears for a long time, and they are adamant for example that there's too much steel and too much copper in the world. That's like the argument I have heard for years that there is too much drilling capacity in the world for oil and too much mineral capacity in general." As a result, Cramer gave us his Undervalued Minerals Plays, which include
Halliburton
(HAL) - Get Report
.
Cramer's 3 Confused Short Opportunities
: Jim feels there are situations in which the Shorts have been consistently wrong for quite some time. He referenced a quote by Michael Comeau of the
team: "My bullish stances were predicated on the fact that the shorts were 100% out of their minds." Cramer's 3 Confused Short Opportunities include
Ceradyne
(CRDN)
, which Cramer said "has routinely blown out numbers, yet the shorts have been tenacious opponents of the stock."
: In light of the pullback in brokerage stocks, Cramer asked us: "Did you ever notice that these firms have monster buybacks, and they take so much stock in at good prices? Did you ever see the cost bases where they get this stuff in? Do you know how they do it? They take advantage of moments like this and stand there and buy. Right into the media-spread selloff. Right into the rumors and the scary traders and the put bombers. That's what you do when you are savvy and know your business, particularly when your business is selling at less than 10 times earnings. These aren't homebuilders, you know." Cramer's Broker Buyback Plays include
Lehman Brothers
(LEH)
and
Bear Stearns
(BSC)
.
Cramer was full speed ahead last night with his latest
. Among the many names he covered, he was bullish on
Texas Instruments
(TXN) - Get Report
and
Sears Holdings
(SHLD)
and bearish on
Integrated Device Technology
(IDTI) - Get Report
and
Starbucks
(SBUX) - Get Report
.
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 several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of
Trade Like a Hedge Fund
and
Trade Like Warren Buffett
. 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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