Jim Cramer's Portfolios of the Week

Recently, Cramer found opportunity in six comeback stocks for 2010, seven growth stocks that still work and more.
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By Roberto Pedone

WINDERMERE (

Stockpickr

) -- According to Jim Cramer, you need a fundamental reason to short, a catalyst to short, and for

Apple

(AAPL) - Get Report

,

he just doesn't see one.

In a July 28 blog post, Cramer said he has 499 other stocks he would short other than Apple. He said that this is the company that has blown out the top line, the bottom line and every line in between. Cramer mentioned that Apple has products that can be stocked, that has demand worldwide and is a multi-faceted juggernaut.

Cramer explained if Apple were to be divided by 10, it wouldn't be such a juicy target for the shorts, but the sheer number of points it can drop makes it very tempting. He questioned why anyone would short a stock that sells for less than 1x its growth rate, with about a fifth of its market cap in cash and no debt. Or why short a stock that could be conceivably selling at less than 13x next year's earnings?

Cramer thinks Apple is going to $300. He believes this will happen because that's where the stock will be bumping up against the market multiple on the number he thinks it can earn next year. He doesn't care that the charts says it is stalling.

Recently, Cramer found opportunity in six comeback stocks for 2010, seven growth stocks that still work and stocks that benefit from the unemployment extension. 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 6 Comeback Stocks For 2010

: Recently, Cramer highlighted his top 6 comeback stocks for 2010. In a

special report on cnbc.com,

he wrote: "

Verizon Communications

(VZ) - Get Report

holds huge opportunities in the wireless space, where it owns 55% of the second-largest carrier in the industry, Verizon Wireless. And with the reaffirmed rumors that the company will start selling the Apple iPhone in January 2011, I think Verizon should lead the industry in terms of market share gains, given how much of a game-changer the handset was for

AT&T

(T) - Get Report

." The

Cramer's 6 Comeback Stocks For 2010

portfolio includes

Nvidia

(NVDA) - Get Report

and

Range Resources

(RRC) - Get Report

.

Cramer's 7 Growth Stocks That Still Work

: Cramer thinks that growth stocks like

Deckers Outdoor

(DECK) - Get Report

and

Intuitive Surgical

(ISRG) - Get Report

still work! On

Mondays Mad Money TV show,

he told viewers that people are freaking out about

Netflix

(NFLX) - Get Report

, thinking that the quarter was a disappointment, when in reality, it was anything but. The

Cramer's 7 Growth Stocks That Still Work

portfolio includes

Chipotle Mexican Grill

(CMG) - Get Report

and

VMware

(VMW) - Get Report

.

Cramer's Hard to Nail Down Stocks

: Cramer thinks some segments of the market are just too hard to nail down right now. In a

July 27 blog post,

he wrote: "Last night I talked about how tech's become too hard. How could

Cirrus Logic

(CRUS) - Get Report

and

Skyworks Solutions

(SWKS) - Get Report

be the only two tech plays I follow that hit a 52-week high Monday? " The

Cramer's Hard to Nail Down Stocks

portfolio includes

Intel

(INTC) - Get Report

and

Bank of America

(BAC) - Get Report

.

Cramer's Unemployment Extension Stock Plays

: Cramer thinks stocks such as

Dollar General

(DG) - Get Report

and

Home Depot

(HD) - Get Report

will benefit from the unemployment extension. In a

July 23 blog post,

he wrote: "The possibility of better numbers from outfits like

Macy's

(M) - Get Report

or

Williams-Sonoma

(WSM) - Get Report

or

Kohl's

(KSS) - Get Report

should not be overlooked." The

Cramer's Unemployment Extension Stock Plays

portfolio includes

Stanley Black & Decker

(SWK) - Get Report

and

Wal-Mart

(WMT) - Get Report

.

Cramer's Irrational Moves Stocks

: Cramer believes that stocks such as

Schlumberger

(SLB) - Get Report

and

Cisco Systems

(CSCO) - Get Report

are trading irrationally. In a

July 28 blog post,

he wrote: "

WellPoint

(WLP)

delivers a fantastic quarter, and it gets annihilated. Meanwhile, former darlings

Medco Health Solutions

(MHS)

and

Teva Pharmaceutical

(TEVA) - Get Report

are now raided every day in a no-bottom atmosphere, even though numbers went up for both and things are arguably going to be darned good for both in 2011." The

Cramer's Irrational Moves Stocks

portfolio includes

VF Corp.

(VFC) - Get Report

and

Johnson Controls

(JCI) - Get Report

.

Cramer's Rotation is on Stocks

: Cramer thinks market players are rotating into stocks like

Kellogg

(K) - Get Report

and

Pepsi

(PEP) - Get Report

. In a

July 27 blog post,

he wrote: "They are running to

Johnson & Johnson

(JNJ) - Get Report

, the worst of the quarters I heard so far." The

Cramer's Rotation is on Stocks

portfolio includes

Joy Global

(JOYG)

and

Duke Energy

(JNPR) - Get Report

.

RELATED LINKS:

>>"Fast Money" Portfolios of the Week

>>Cramer's Take on Headline Stocks

>>Electric Cars Making Moves in 2010

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(Editor's note: At the time of publication and/or original publication of his posts and shows, Cramer owned Apple, Home Depot, Johnson Controls, Medco, Teva, Cisco, Stanley Black & Decker, Home Depot, Intel, Bank of America for his Action Alerts PLUS charitable trust.)

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