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NEW YORK (
) -- "Today's rally was for real," Jim Cramer told the viewers of his
TV show Wednesday.
He said there's a ton of healthy buying in the market, and he showed off a list to prove it.
Cramer said the
tells us everything we need to know about the market, but it's not the number of companies hitting 52-week highs that's important, it's the number of industries represented on the list.
He explained that just a month ago, there were only three industries on the list, and they represented people's fears of the market. But today, there's an astounding 25 different industries on the list, a diverse swath of our economy.
Cramer said the 52-week high list includes agriculture (
), food (
) and tech (
It also includes apparel, railroads, beer, machinery, telco, restaurants, trucks, chemicals, drug companies and even soft-goods maker
Cramer said with so many sectors rallying, there are lots of opportunities for investors. He said the market can't rally without solid leaders, and the more the merrier. In today's market, we have tons of leaders, he said, and the broadening list is increasingly bullish news.
Cramer noted that while "caution" may be the watch word in the executive suite, it's still just a word. With such widespread buying in so many stocks, he said, the markets are signaling that this rally is for real.
In an exclusive "Executive Decision" segment, Cramer spoke with Tim Sullivan, president and CEO of
, the next company in Cramer's "Made Here" series of the best American manufacturers.
Sullivan said business at Bucyrus is growing and building momentum. He said international markets never really went down during the recession and remained strong, but they are just now picking up momentum for the company.
Asked about China, Sullivan said the countryhas been a consistent business for Bucyrus. He said China is importing materials again, and that means more business from the company's traditional customers. Sullivan noted that Bucyrus has a broad portfolio of mining machinery available and is leveraging its growing install base.
Turning to domestic issues, Sullivan said that often American companies seem to be chasing their tails, scrambling to make products in emerging markets, when in reality, they can compete effectively with workers here in the U.S. if they make the needed investments.
Cramer said every investor needs to own either Bucyrus, or its rival ,
. He said this group has a great long-term story and this is where the action is.
Continuing with his "Made Here" series, Cramer featured
, a company he called one of America's greatest comeback stories of all time.
Cramer said Ford has superior manufacturing, a superior brand and superior management, which is probably why his December, 2008 recommendation of the Ford preferred shares are up 411%, or 464% including dividends.
Cramer said Ford has made enormous improvements in its manufacturing, and is making better, more fuel-efficient cars that are winning awards as well as the hearts and minds of consumers. He also said Ford is profitable, with plans to reduce its manufacturing capacity by another 40% and reduce its 25 vehicle platforms by half.
Trading at just 6.4 times next year's earnings, Cramer said Ford is a steal, especially given the company's improving credit rating and expected positive cash flow by 2011.
Ford is a must-own stock, said Cramer, and one that should make Americans proud.
Am I Diversified?
Cramer spoke with callers to see if their portfolios have what it takes. The first caller's portfolio included
Cramer said this portfolio was beautiful and diversified.
The second caller's top holdings included
Human Genome Sciences
Cramer said this portfolio was also perfectly diversified.
The third caller had
Nordic American Tanker
Och-Ziff Capital Management
as their top five stocks.
Cramer also blessed this portfolio as diversified.
Cramer was bullish on
He was bearish on
--Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer was not long any stock mentioned.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
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