Updated from 7:24 a.m. EDT
Jim Cramer devoted a lot of air time and page space this week to the run in the technology sector. He believes we are on the cusp of another period of great innovation and growth that harks back to 1995.
Imploring market players not to fall victim to the market bears, in a July 17
blog post, he cited an unbelievable July, which thus far has been rife with takeovers, buybacks and upgrades.
"You can't sit out moves like this. Yet, I am sure if you go back one month ago, two months ago, three, four or five months ago to the day, you would have seen the
same set of worries that would've kept you out of amazing gains
," he wrote.
Here are some Cramer highlights from the past week as aggregated from his "Mad Money" TV show, "Stop Trading!" segment on
and his blog posts.
: In a July 19 blog post, Cramer wrote: "So you have
( NQB) and
on the prowl. Isn't that the takeaway of the Pepsi-Nestle failed merger? What does it mean? I think it means a really out-of-favor group -- consumer goods -- could get some lightning going for it. Unfortunately, because of the safety premium, these stocks aren't cheap. Not a one. But a few come to mind as natural for acquisition." Here they are along with potential acquirers:
: In another July 19 blog post, Cramer declared: "Let's talk raw power. ... There are so many people who write calls, which amounts to a sale of the stock (shorting a call is like selling the common), and so many speculators who are long the calls and selling the common to lock in the gain or selling the call to lock in the gain, you know that there is a tremendous amount of stock around for sale. ... You need to watch these stocks that blow through calls and put the knowledge away. These stocks are the strongest out there. They need to be bought on any weakness -- that is, if you can get any weakness."
: Cramer's $80-to-$120 theory states: "Stocks that go to $80 in a bull market usually go to $100, and stocks that make it to $100 tend to go all the way to $120." From the
July 11 "Mad Money" recap
Elaborating on that theme, Cramer said that stocks that make it to $80 are stocks with serious institutional backing. Big institutional buyers are the ones buying shares hand over fist, and once the stocks reach $100, they become anointed names, Cramer said. And as more people get into the stocks, their momentum continues. Although the idea may seem "foolish," it could make people some serious money, he said.
: In a July 12 blog post, Cramer offered this baker's dozen, reminding us why he likes to invest in the breakouts: "They are the referendum, the stocks that are working and will continue to work now that the selling squall has been put behind us. I like to own in-the-money calls on them, half a position only, and then wait for some media-inspired wrong-headed bear move that gives you a chance to buy the rest. So you go buy deeps, out three months, on any of these names. ... Get comfortable with some of them. They are going to take us to the next level."
: In a July 16 blog post, Cramer referred back to his four horsemen of tech, saying: "Can't stop the horsemen. Just can't. Lots of people on Stockpickr are asking me whether it's too late or if this is the level to jump in. No, it is not too late. But is it right just to "jump in"? I never like to jump in. I like to phase in. If I didn't own any of these, I would certainly start right here, though. The reason why I am calling for a 1995-like move is that there were never any serious pullbacks to these kinds of stocks, just these minor pullbacks that turned out to be great buying opportunities. ... the key issue is to be
, not out."
, or "Fab Four of Tech," include
Research In Motion
: In a blog post from Monday, July 16, Cramer declared, "I won't trust the tape until Wednesday afternoon. I am not seeing anything today that changes my mind." With that in mind Cramer said he was keying
: Cramer has been calling the bull market in agriculture for quite some time now. And he again pointed out that "the ag bull market isn't quitting."
: In a July 19 blog post, which can also be
accessed for free
, Cramer said we can "count the wrong assumptions on a daily basis. ...So many people take their cues from a wacky stock market and the short-term price moves, rather than from their own counsel. Drives me nuts. Take your cue not from the price movements but from the conviction you have. If you don't have conviction, don't own." Cramer said people are "missing it" on several stocks.
( ASD) and
: Cramer was full speed ahead last night with his latest
. He was bullish on several stocks such as
( LNET) and
but also bearish on the likes of
At the time of original publication of his posts, Cramer was long Caterpillar, Clorox and NYSE Euronext.
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
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
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