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By Roberto Pedone
PEWAUKEE, Wis. (
) -- According to Jim Cramer, there's
too much good
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
blog posts (these blog post require a
: Is it time to buy health care stocks? On
, 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 sees a bright future for natural gas after speaking with
chairman and founder Bob Simpson. In a
Sept. 9 blog post
, 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
Cabot Oil & Gas
: Cramer believes the fundamentals in the market are out of whack. In a
Sept. 9 blog post
, 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 noticed some bullish action in his favorite tech stocks after the beige book data was released. On
, he told viewers that these stocks are not done going higher. The
: Recently, Cramer highlighted some of the best-performing stocks in the
, he called
the ultimate discretionary chip company. The
: Cramer has noticed that a strange group of stocks has been leading the market higher this week. In a
Sept. 8 blog post
, 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
-- Written by Roberto Pedone in Pewaukee, Wis.
(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.