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NEW YORK (
) -- The markets are seeing a lot of major moves on very little news, Jim Cramer said on
Cramer said there's a revaluation of stocks underway, the likes of which we haven't seen in a very long time. He said that certain old-line names are seeing new life and new highs.
Among the big movers:
. Cramer said Best Buy's comeback from $26 a share to now $42 has been remarkable while Boeing is up 71% for the year, even in the face of early problems with its Dreamliners. Bristol-Myers has popped from $48 to $53 a share in just a few days.
Others on Cramer's list include
Chipotle Mexican Grill
, along with
. Cramer said Chipotle's momentum has returned, while Core Labs has also sprung back to life, as has FedEx, a big beneficiary of the global economy. Meanwhile, GameStop is benefiting from the next generation of console gaming and Kimberly-Clark is seeing lower input costs.
Last on Cramer's list of standouts is
, whose shares are up from $71 to $94 a share, and
, which has seen a move from $112 to $148 even with a slowdown in housing.
Cramer said all of these are good companies that have gotten even better in recent months. The market is clearly listening.
Back From the Dead
What ever happened to Cramer's "F.A.D.S. C.A.N." list of growth stocks from 2010?
Cramer said the list -- which included
, along with
Chipotle Mexican Grill
-- is back from the dead, just in time for Halloween.
Chipotle was an unstoppable momentum name until it faltered during the summer of 2012. Since then the momentum is back and this stock has a lot more runway ahead of it, Cramer said. Apple, a holding in Cramer's charitable portfolio,
Action Alerts PLUS, also has been working its way back from when shares fell to below $400. With the company delivering a strong line of updated products, Cramer said it's a steal at 8.5 times earnings.
Netflix is up 225% since Cramer recommended it back in 2010, but not before sinking to $54 a share on a series of bad management mistakes. Since then, the mistakes have been rectified; with a host of new exclusive content, subscriber growth is on a tear.
Then there's Deckers, makers of Uggs footwear. Cramer said after losing the eye of investors for several quarters, Deckers shot the lights out this quarter and is seeing its shares steadily rising.
Cramer saved his commentary on the rest of the F.A.D.S. C.A.N. names for after the break.
F.A.D.S. C.A.N., Part 2
Continuing his followup on his F.A.D.S. C.A.N. growth stocks from 2010, Cramer offered up his analysis on F5 Networks, Amazon.com and Salesforce.com.
Cramer said Salesforce.com, a stock that's up 155% since 2010, continues to power higher on every pull back. He said the company is stronger than ever with $3 billion in sales.
Amazon.com is the only name in the list that's not back from the dead, as this stock never died in the first place. Cramer said Amazon just keeps coming at you like a zombie, crushing competitors while growing its sales and expanding its gross margins in the face of continuing pessimism.
Finally, there's F5, the network equipment maker that also keeps making comebacks from anything that's thrown at it. Cramer noted this stock fell from $138 to just $67 a share, but has already crawled back to $84 on the back of a new product cycle.
In the Lightning Round, Cramer was bullish on
Magnum Hunter Resources
Cramer was bearish on
Off the Charts
In the "Off The Charts" segment, Cramer went head to head with colleague Carolyn Boroden over the direction of the markets.
Boroden's most recent analysis suggested that its time to get cautious, as the
is approaching two ceilings of resistance where the markets could pause or even reverse course. She identified levels between 1,760 and 1,768 and also between 1,776 and 1781 as the trouble spots to watch for.
Boroden also applies her Fibonacci theory to the timing of the market, looking at the number of days between market moves. Here, her analysis flagged from Oct 28 through Nov 5th as the days when the market is most likely to take its pause.
Boroden and Cramer both agreed that now is an excellent time to take profits, as the market has had a big rally and it's never a mistake to lock in a gain after a big market move.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer sounded off on the moronic trading in Apple.
Cramer said the press is always in a race to get the story told, even if they don't yet know what the story is. That's how Apple's stock was able to get hit for $15 a share after the "headlines" reported stalled gross margins. But as soon as investors learned that an accounting change at Apple deferred nearly $1 billion in revenues, the stock immediately took a $21 a share bounce off the bottom.
Similar events occurred on another Action Alerts PLUS holding,
, during its earnings call; investors learned, after the headlines, that orders were on the rise towards the end of the quarter.
Cramer said sometimes it makes sense to beat the other guy to the market, but for the most part, jumping in after a company reports, is never a smart move.
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-- Written by Scott Rutt in Washington, D.C.
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At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL, CSCO and ETN.
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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