This past week, Jim Cramer noted that he felt this market was "messed up." While he advised investors to sell on strength, he also spent time dissecting the bearish case on the market.
No matter the environment, Cramer offers us plenty of different approaches on how to handle the market's ups and downs. Here are some of the highlights from Jim over the last week (aggregated from "Mad Money," "Stop Trading!" and his articles).
: On "Mad Money" this week, Jim said it was time for traders to move on from
. He believes the stock ultimately will settle in the $10 to $12 range.
But it did make a nice up move and ruined some short-sellers' year. Thus, he thought he should give us his
which he feels could have similar spikes like Dendreon.
Cramer continued talking about activist funds this week and how they have changed the landscape when it comes to investing in stocks. The money is too big, he said. The first fund he mentioned was
and the "work" it is doing regarding
. He also mentioned how a small stake of just 1% from a behemoth fund like
has the folks at
very aware. You can expect some agitation soon.
: This past week, Jim came out with his
three stocks trading near $10 that could have some quick upside. Jim's three stocks are speculative and that is why he called them "horse racing stocks." Jim believes these three could run from $10 to $12 quick.
Cramer broke down the natural gas market earlier this week and said that the "creep up in the group makes it clear that things are getting better." Cramer offered us these
because he believes that natural gas, which has been weak as it relates to the overall energy market, is definitely on the upswing. His picks include
: As we all know, Jim has been down on the tech sector for some time. With the positive announcement from
, Jim pointed out that it was "entirely possible that the hot money goes out of tech and into biotech, which has the added advantage of not having nearly as high a multiple as tech, especially given the shrinkage of the P/Es that biotech has undergone."
While Cramer pointed out that he is not a big fan of the market right now, he did say the money will go somewhere and these
could be the place. They include DNA and
: On "Stop Trading!" segments this week, Jim offered two additional stocks he believes could ultimately be in play for a variety of reasons. Cramer has mentioned other cheap, cash rich companies that are buyout candidates in recent weeks as well. These
include several different stocks in different sectors including
: Cramer mentioned earlier this week that there is a foot race "going on between the collapse of housing and the Fed. With interest rates beginning to spike, you are going to get some real pressure on mortgage rates to go higher ... therefore, it is really bad for the balance sheets of the homebuilders." Cramer thinks there is some serious pain ahead for these
. They include
Cramer was full speed ahead last night with his latest
. He was bullish on several stocks such as
but also bearish on the likes of
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.
James Altucher is a managing partner at Formula Capital, an alternative asset management firm that runs several quantitative-based hedge funds as well as a fund of hedge funds. He is also the author of
Trade Like a Hedge Fund
Trade Like Warren Buffett
. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback;
to send him an email.
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