Jim Cramer's Portfolios of the Week
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PEWAUKEE, Wis. (
) -- According to Jim Cramer,
market players should continue to look for more selling in the stock market.
Cramer thinks the sellers aren't done yet and that the shorts are looking to press their bets. He also believes that the market could be setting up for a selloff that goes beyond 5.8%, which had previously been the largest drop since the bottom in March.
Cramer is concerned that the market isn't rallying off of good news any longer. He's also worried that the bear market in China is far from over.
Cramer has been telling investors to move into defensive sectors and sell materials, banks and minerals. However, one growth area of the market that has continued to impress Cramer is tech. He mentioned on Tuesday that
he likes Salesforce.com (CRM) - Get Report into the pullback.
He pointed out that leading tech names such as
Apple
(AAPL) - Get Report
and
Intel
(INTC) - Get Report
weren't hammered during Tuesday's selloff.
Recently, Cramer found opportunity in U.S. stocks that were dragged down by the Chinese selloff, HMO stocks and stocks to play off of
Boeing's
(BA) - Get Report
new 787 Dreamliner. 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 posts might require a
RealMoney
subscription).
Cramer's China Selloff Stock Buys
: Cramer thinks it's time to start buying U.S. stocks that were taken down due to the weakness in the Far East. In an
, he wrote: "For me, it is time to look at the 80% of our market that is not directly related to China. And it's time to do some buying."
Cramer's China Selloff Stock Buys
include
Freeport-McMoRan
(FCX) - Get Report
and
Altria
(MO) - Get Report
.
: Cramer sees opportunity in playing banks, oil, aerospace and tech (BOAT). In an
, he wrote: "I know there is tremendous back and forth on this site about a top. But this market is led by oil, banks and tech ... and now aerospace."
include Apple and
Bank of America
(BAC) - Get Report
.
Cramer's Stock Buys off Boeing's 787
: Recently, Boeing announced that their new 787 Dreamliner aircraft is ready to take flight by the end of the year. Cramer knows just which stocks to buy off this news. On
last Thursday's "Stop Trading!" segment,
he told viewers that these are the companies that exist for Boeing to ship.
Cramer's Stock Buys off Boeing's 787
include
Precision Castparts
(PCP)
and
Alcoa
(AA) - Get Report
.
Cramer's Market Leaders of 2009
: Cramer knows exactly which stocks have been leading the market in 2009. On
Wednesday's "Mad Money" episode,
he told viewers that if you know what the leaders are and understand how they move, you don't get blown out, like so many other investors do at times when you should be buying.
Cramer's Market Leaders of 2009
include
Research In Motion
(RIMM)
and
Schlumberger
(SLB) - Get Report
.
: Cramer believes that Ted Kennedy's death is a game-changer for the health care sector. In an
, he wrote: "The Dems only have 59 votes in the Senate -- and the Senate is all that matters -- and there will be no new senator emerging from Massachusetts because of the commonwealth's law that the governor can't appoint a new one."
include
WellPoint
(WLP)
and
Humana
(HUM) - Get Report
.
-- Written by Roberto Pedone in Pewaukee, Wis..
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Roberto Pedone, based out of Pewaukee, Wis., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also na outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.
