Jim Cramer's Portfolios of the Week
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By Roberto Pedone
PEWAUKEE, Wis. (
) -- According to Jim Cramer, there's
in the market to be bearish. Cramer thinks the smart move for investors is to continue to buy the dips. He cited reasons such as too many upgrades and too much bullish news flow, such as increased traffic at retailers and strong sales chatter out of mobile handheld makers.
Cramer said he likes the increase in mortgage applications and the ability of American homeowners to refinance out of their toxic adjustable-rate mortgages and into new mortgages at some of the lowest rates in history. Cramer believes that home prices are starting to stabilize and that that will help drive bank stocks higher.
Cramer also mentioned that Wall Street analysts who have stayed quiet during this big rally, waiting for stock prices to decline to issue buy ratings, are now rushing in to upgrade stocks like crazy. Cramer pointed out that negative stories are getting all the attention in the media, but the fact remains that stocks continue to move higher.
Recently, Cramer found opportunity in health care stocks, natural gas stocks and technology 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 require a
RealMoney
subscription).
Cramer's Health Care Stock Buys
: Is it time to buy health care stocks? On
Wednesday's "Mad Money" episode
, Cramer told viewers to forget about President Obama's health care reform plans and instead focus on the real story: the "swine flu virus." The
Cramer's Health Care Stock Buys
portfolio includes
Boston Scientific
(BSX) - Get Report
and
Gilead Sciences
(GILD) - Get Report
.
Cramer's Bright Nat Gas Future
: Cramer sees a bright future for natural gas after speaking with
XTO Energy's
(XTO)
chairman and founder Bob Simpson. In a
, he wrote: "I thought his confidence last night on 'Mad Money,' despite the intense and unrelenting decline of the commodity, was a great sign of the future." The
Cramer's Bright Nat Gas Future
portfolio includes
Southwestern Energy
(SWN) - Get Report
and
Cabot Oil & Gas
(COG) - Get Report
.
Cramer's Fundamental Distortion Stocks
: Cramer believes the fundamentals in the market are out of whack. In a
, he wrote: "Maybe one day we can escape the commodity linkage and begin to trade on the fundamentals again, something that seems more distant now than any time I can recall." The
Cramer's Fundamental Distortion Stocks
portfolio includes
BJ Services
(BJS)
and
General Electric
(GE) - Get Report
.
: Cramer noticed some bullish action in his favorite tech stocks after the beige book data was released. On
Wednesday's "Stop Trading!" segment
, he told viewers that these stocks are not done going higher. The
portfolio includes
F5 Networks
(FFIV) - Get Report
and
Ciena
(CIEN) - Get Report
.
Cramer's Best-Performing S&P 500 Stocks
: Recently, Cramer highlighted some of the best-performing stocks in the
S&P 500
. On
Tuesday's "Stop Trading!" segment
, he called
Nvidia
(NVDA) - Get Report
the ultimate discretionary chip company. The
Cramer's Best-Performing S&P 500 Stocks
portfolio includes
Micron
(MU) - Get Report
and
Whole Foods
(WFMI)
.
Cramer's Strange Leadership Stocks
: Cramer has noticed that a strange group of stocks has been leading the market higher this week. In a
, he wrote: "Of all the places to rally, natural gas and oil were not on my docket of high prospects for the European follow-through. In fact, I regard this leadership along with the minerals as a bit of a disappointment." The
Cramer's Strange Leadership Stocks
portfolio includes
Devon
(DVN) - Get Report
and
Chevron
(CVX) - Get Report
.
-- Written by Roberto Pedone in Pewaukee, Wis.
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(Editor's note: At the time of publication, Cramer owned Devon, Chevron, General Electric and Gilead for his Action Alerts PLUS charitable trust.)
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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.
