By Roberto Pedone
WINDERMERE, Fla. (
) -- According to Jim Cramer, you can trust this market
. In a July 22 blog post, he said that tomorrow morning he will turn on his machine and the SPX futures could be up half a percent or down half a percent.
Cramer thinks the market is completely random right now. He pointed out that if oil falls, then market commentators will scream double dip. Cramer mentioned that then someone will come out and say that copper has topped. Then someone will mention shadow home inventory. Someone will then downgrade the semis.
Cramer said he doesn't think all of this can happen, but he does think some of it can. This is why he remains a seller into the strength that we saw at the highs today.
Recently, Cramer found opportunity in his top tech stocks, new leadership stocks and apparel stocks that could short squeeze. 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
excellent quarter, which was driven largely by the iPhone, Cramer recommended his top tech stocks. On
he said that when investors think of faster Internet,
probably comes to mind first. But they should focus on
: Cramer believes that innovative CEOs at companies such as
have created today's market winners. In a
he wrote: "As for
, CEO Peter McCausland takes a local cyclical gas company -- local for me, I am from Philadelphia -- into one of the largest secular industrial gas companies in the world and outperforms just about every company in the
by doing so." The
Stanley Black & Decker
: Cramer thinks the market is being lead by new stocks such as
. In a
he wrote: "We have a ton of companies away from tech that are trying to make a move, the
-- those are signs of health." The
Goldman Sachs Group
: Cramer thinks the shorts are scrambling to cover their positions in apparel stocks such as
. In a
he wrote: "Look at them covering the
short and scrambling on
: Recently, Cramer highlighted stocks that could bounce off the rebounding euro. On
Monday's "Mad Money" TV show,
he said the name of the game is overseas profits, and that's perfect for companies like
, which derives 100% of its profits from overseas, and sports a solid 4.6% dividend yield. The
-- Written by Roberto Pedone in Winderemere, Fla.
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(Editor's note: At the time of publication, Cramer owned Weatherford, Apple and Stanley Black & Decker for his Action Alerts PLUS charitable trust.)
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