By Roberto Pedone
) -- According to Jim Cramer, you need a fundamental reason to short, a catalyst to short, and for
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
blog posts (these blog posts might require a
: Recently, Cramer highlighted his top 6 comeback stocks for 2010. In a
he wrote: "
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
: Cramer thinks that growth stocks like
still work! On
Mondays Mad Money TV show,
he told viewers that people are freaking out about
, thinking that the quarter was a disappointment, when in reality, it was anything but. The
Chipotle Mexican Grill
: Cramer thinks some segments of the market are just too hard to nail down right now. In a
he wrote: "Last night I talked about how tech's become too hard. How could
be the only two tech plays I follow that hit a 52-week high Monday? " The
Bank of America
: Cramer thinks stocks such as
will benefit from the unemployment extension. In a
he wrote: "The possibility of better numbers from outfits like
should not be overlooked." The
Stanley Black & Decker
: Cramer believes that stocks such as
are trading irrationally. In a
he wrote: "
delivers a fantastic quarter, and it gets annihilated. Meanwhile, former darlings
Medco Health Solutions
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 thinks market players are rotating into stocks like
. In a
he wrote: "They are running to
Johnson & Johnson
, the worst of the quarters I heard so far." The
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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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