meets, the market is going to continue bouncing up and down, Jim Cramer said on his
"RealMoney" radio show Tuesday.
Analysts who say there won't be any bounces are wrong, he said. It is difficult to decipher how strong the bounce will be or how long it might last, but it will occur, Cramer said.
The pattern of the market keeps changing day to day because people are switching in and out of funds. Unfortunately, the homework and research Cramer talks about doing before buying a stock does not seem to matter in this type of environment, he said.
National Oilwell Varco
, an oil management company, is fully booked up, but the stock is getting hammered, Cramer said.
But Varco is not the only stock that's going down, he said. Companies that make equipment for Varco, such as
are also plummeting. Although the company's order books are filled, its stock was at its 52-week low last week, Cramer said.
, which Cramer owns for his charitable trust
Action Alerts PLUS, is another company that is not where it should be, he said. The stock is trading at $39 from $49 four weeks ago.
It is the No. 1 pollution services company that Cramer said he follows, and in addition, the industry is "rocking," he said.
, which Cramer also owns for his charitable trust,
are three other companies that Cramer said are doing well and are surprisingly down.
However, there is a lesson people can learn from this, he said. It is not easy to pick stocks under bounce scenarios. And people must understand that the fundamentals of the companies are not swayed by the bounces, he said.
To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.
At the time of publication, Cramer was long Foster Wheeler and URS.
Jim 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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