Updated from 7:01 a.m. EDT
Jim Cramer has made it clear that he is bullish on the stock market no matter what the
does with interest rates. Cramer believes market players should focus on what is really driving stock prices right now -- earnings, valuation and global economic momentum.
Recently, Cramer found opportunity in stocks that will benefit from the $600 income tax rebate, great American manufacturers and retail stocks.
Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on
blog posts (these blog post links require a
: Cramer believes that Wall Street no longer cares about softness in the U.S. economy. In a
, he wrote: "This is a phenomenal shift, a no-longer-grudging recognition that how we sell in this country doesn't even matter. Our best companies have adjusted and recognized the reality: The U.S. is not a great place to do business."
: Cramer predicts Americans will spend their $600 tax rebate checks on clothing and technology gadgets. On
Monday's "Stop Trading!" segment
, Cramer told viewers: "Wealthier people are going to their
store. It's my favorite thing to do when I'm not working."
include stocks like
: All week long, Cramer has been highlighting great American manufacturers that are innovating with new technologies. On
, Cramer told viewers: "Manufacturers are the new technology companies. These companies are showing organic growth that is as good or better than so-called traditional technology companies such as
: Cramer isn't a fan of the retail sector, but he did acknowledge that a select few stocks in the space are on fire. In an
, he wrote: "
? I have been saying this one is going to $60 because people feel poor, courtesy of the negative troika of housing, oil and food."
Jones New York
: Cramer likes the action in some stocks that have had negative news or bearish sentiment surrounding them. In an
he wrote, "Memory for the so-called bad has become so short-term that it is remarkable."
: Cramer thinks investors should just ignore the Fed and focus on what really drives stock prices. On
Monday's "Mad Money" show
, Cramer told viewers: "Ladies and gentlemen, the upcoming Federal Reserve meeting is irrelevant. Interest rates are low enough that they just don't matter to stock prices anymore."
Cramer was full speed ahead
with his latest
. He was bullish on several stocks such as
, but also bearish on the likes of
Las Vegas Sands
International Game Technology
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
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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