Jim Cramer's Portfolios of the Week

These are some of the stocks Cramer's been talking about lately.
Author:
Publish date:

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

Fed

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

CNBC

and his

RealMoney

blog posts (these blog post links require a

RealMoney

subscription).

Cramer's Stocks That Don't Need the U.S.

: Cramer believes that Wall Street no longer cares about softness in the U.S. economy. In a

May 1 blog post

, 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's Stocks That Don't Need the U.S.

include

General Motors

(GM) - Get Report

and

United Tech

among others.

Cramer's $600 Names

: 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

Apple

(AAPL) - Get Report

store. It's my favorite thing to do when I'm not working."

Cramer's $600 Names

include stocks like

Ralph Lauren

(RL) - Get Report

among others.

Cramer's Great American Manufacturers

: All week long, Cramer has been highlighting great American manufacturers that are innovating with new technologies. On

Wednesday's "Mad Money" show

, 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

Cisco

(CSCO) - Get Report

and

National Semiconductor

(NSM)

."

Cramer's Great American Manufacturers

include

Parker Hannifin

(PH) - Get Report

and

Eaton

(ETN) - Get Report

among others.

Cramer's Pockets of Greatness in Retail

: 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

April 30 blog post

, he wrote: "

Wal-Mart

(WMT) - Get Report

? I have been saying this one is going to $60 because people feel poor, courtesy of the negative troika of housing, oil and food."

Cramer's Pockets of Greatness in Retail

included

Urban Outfitters

(URBN) - Get Report

and

Jones New York

(JNY)

among others.

Cramer's Bad Earnings Stock Picks

: Cramer likes the action in some stocks that have had negative news or bearish sentiment surrounding them. In an

April 28 blog post

he wrote, "Memory for the so-called bad has become so short-term that it is remarkable."

Cramer's Bad Earnings Stock Picks

included

Citigroup

(C) - Get Report

and

Merck

(MRK) - Get Report

among others.

Cramer's Ignore-the-Fed Stock Plays

: 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's Ignore-the-Fed Stock Plays

include

Pfizer

(PFE) - Get Report

and

Nabors

(NBR) - Get Report

among others.

Lightning Round:

Cramer was full speed ahead

last night

with his latest

Lightning Round

. He was bullish on several stocks such as

TJX

(TJX) - Get Report

and

Costco

(COST) - Get Report

, but also bearish on the likes of

Las Vegas Sands

(LVS) - Get Report

and

International Game Technology

(IGT) - 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 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;

click here

to send him an email.

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