Jim Cramer was working in overdrive to find investable ideas this week. The market has now had time to digest a strong jobs number, and Wall Street still seems confused about the direction of the economy. Cramer, who is famous for saying "there's always a bull market somewhere," did his best to find us stocks that could be in their own bull market.
Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
: Last Thursday, Cramer brought us a list of stocks that could benefit if the U.S. economy goes into a recession. In an Oct. 4 blog post he wrote, "The market's waffling every day now about recession. The media is throwing us off because the rap is 'no more
rate cuts' Which has been the mantra right into and through, well, the rate cuts."
Procter & Gamble
: Cramer saw opportunity in a list of stocks that would benefit from a strong jobs number. In an Oct. 5 blog post he wrote, "For my 'cash into stocks' thesis, I need the rate cuts. But I also need to see earnings gains and we won't get them with a recession. I would have liked to see a slightly lower job gain to keep a recession off table and a Fed cut on the table, but we sure didn't get it from this number."
Research In Motion
( RIMM) and
: Last Friday, Cramer offered up a few stocks that could work in a confused economy. Cramer searched out some plays that fund mangers will reach for when the path of the economy isn't certain.
In an Oct. 5 blog post, he wrote, "These stocks have this amazing secular visibility because of the roll-off of generics. These stocks are so loved that downgrades mean nothing to them."
: Cramer believes stocks that go to $80 usually reach $100, and most continue to $120, at least in abull market. On last Friday's "Mad Money" show Cramer said, "Earlier this year, I recommended stocks based on this $80-to-$120 thesis.
But at that time the bull market was on the ropes, and the thesis didn't hold up. The stocks got damaged as the market fell apart. Now that the bull market is back, it's the 'perfect time' to buy."
: Cramer is finding it hard to discover technology stocks that are still cheap in the current market environment. However, he pulled out some names that are oil and tech plays that he feels are cheap.
In an Oct. 11 blog post he wrote, "I know. These are oil companies. They are not semis or software or hardware. They are technical services companies that allow companies to recoup marginal oil. They are the ultimate tech plays on $80 oil. They are worth their weight in black gold."
include names like
Cramer was full speed ahead last night with his latest
. He was bullish on several stocks such as
but also bearish on the likes of
North American Palladium
(Editor's note: At the time of original publication of his posts and shows, Cramer owned Altria, Caterpillar and CVS Caremark 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
. 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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