Updated from 6:59 a.m. EDT
Jim Cramer sees tons of problems in the stock market right now, with everything from surging oil prices to crashing emerging markets to the troubled financial sector. But no matter how bad the market looks, Cramer knows there's a bull market somewhere, and it's his job to help viewers find it.
Recently, Cramer found opportunity in biotech stocks, stocks to play off the new Medicare bill and casino stocks to avoid. 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 identified a group of companies could cause more havoc to the markets. In a
, he wrote: "Specifically, there are 12 companies that are on my watch list as potential disasters that could wreck the market further. These are companies I have NO CONFIDENCE IN WHATSOEVER, and they must be on everyone's screen. They are what could imperil this market."
( LEH) and
: Cramer noticed some interesting behavior in certain stocks that is signaling to him that the rally could last. In a
July 1 blog post
, he wrote: "We have now slaughtered ag and steel, which had held up well. That's what happens before we recharge."
: Cramer thinks the biotech sector is the place to be in a bear market. On
, Cramer told viewers: "We are seeing the same trade into the highest-growth biotech names that we did in 1990, and the cycle is happening again."
: Cramer sees major headwinds for the casino sector. In a
, he wrote: "This group must be avoided at all costs. It is coming apart at the seams, and no Chinese casino is going to save it. The overbuilding in this industry is catastrophic. There has been so much new capacity coming on that you have to believe there will be some belly-ups in this sector."
: Cramer is beginning to find some solid opportunities in this oversold market. In a
June 30 blog post
, he wrote: "With the oscillator so darned negative and with so many stocks just down so hard and the miserable quarter almost over, the buyers are kicking the tires. And in some cases buying."
: All week long Cramer has been highlighting health care stocks that could benefit from the new Medicare bill. On
, Cramer told viewers: "I thinks health care and medical reform firms will outperform every sector in the next quarter, besides possibly oil and gas."
Cramer was full speed ahead this week with his latest
. He was bullish on several stocks, such as
, and bearish on the likes of
(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned McDonald's and Wal-Mart 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
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;
to send him an email.
TheStreet.com has a revenue-sharing relationship with Trader's Library under which it receives a portion of the revenue from purchases by customers directed there from TheStreet.com.