WINDERMERE, Fla. (Stockpickr) -- According to Jim Cramer, Washington is starting to get the message that its war against business is a major loser. In a July 15 blog post, he pointed to the announcement of the Goldman Sachs Group (GS) - Get Report settlement as evidence that Washington is changing its anti-business stance.
Cramer also pointed out that we have signs that someone in the government has recognized that 401(k)s and IRAs matter to people and that it will be hard to win an election if you cater only to people who don't have one. He also mentioned that the appearance by Tim Geithner on Larry Kudlow's show was a turning point for Obama's anti-business agenda.
Cramer said the Obama administration is extending an olive branch to American businesses. And so far it's working.
Recently, Cramer found opportunity in oil stocks, aerospace stocks and telecom service 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 posts might require a
: Following the release of the Philly Fed index data, Cramer cautioned investors to take profits in stocks like
. In a
, he wrote: "The Philly Fed index is a super-de-duper reason to take profits. The number for an area that hasn't grown a new manufacturing job that can be found without a microscope is a solid excuse to ring the register." The
: Cramer is finding value in the biggest losers (telecom services stocks) from the first half of 2010. On
Tuesday's "Mad Money" TV show
, he told viewers that
has a host of new products on the market and is getting more efficient at production, thereby increasing its margins. The
: Cramer sees opportunity in the oil complex. In a
, he wrote: "We bought some more
because of the re-connect, as it has virtually no earnings hit from the Gulf moratorium. Hey, the Gulf is important, and it will be drilled again, but the rest of the world is drilling like mad, and in case nobody saw it, oil's on the fly!" The
: Recently, Cramer noticed that stocks such as
Procter & Gamble
are breaking through their options strike prices. In a
, he wrote: "The strike blowthroughs are classic signs of a huge shift from bear to bull." The
Bank of America
: Cramer believes that a new aerospace cycle is set to take off! On
Wednesday's "Mad Money" TV show
, he said
are names to consider, along with
, whose Cessna franchise makes corporate jets. The
: Cramer has noticed that stocks such as
are trading higher despite the lack of leadership from Intel. In a
he wrote: "Or intraday in
? They are extrapolating to the customers and the
suppliers to the customers." The
-- Written by Roberto Pedone in Winderemere, Fla.
(Editor's note: At the time of publication, Cramer owned Apple, Intel, UPS, Weatherford, JPMorgan, Bank of America and EMC for his Action Alerts PLUS charitable trust.)
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