This column was originally published on RealMoney on Jan. 10 at 9:49 a.m. EST. It's being republished as a bonus for TheStreet.com readers.
Go ahead, sell
. Decide that the cycle has peaked. Ring the register on
. Decide that there's nothing good there.
Excuse me for using these two disappointments for opportunities, but that's how I am looking at it. The mining companies are not going to quit here, we are getting guide-ups in the Chinese economy, we are scrapping ships for steel, we are desperate for metals, and you are going to sell all of them on these two reports?
First, Phelps has run so much that, like a tech stock, it has to be perfect, and it was far from perfect, as
this guidance slash shows. Buy the other copper plays off of it.
Second, Alcoa is just plain poorly run, beyond anyone's belief. Buy the other aluminum companies off
Finally, buy a gold stock, just as a hedge to the idea that the dollar will top out when the
is done and the petrodollars will flow into the yellow metal.
All of these stocks are indicated down. They won't stay down. Make your move.
I know I am.
James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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