is the place to be from now to the end of year, Jim Cramer said on his
"RealMoney" radio show Tuesday.
Don't be put off by Tuesday's red tape. He says "the Nasdaq was due for a breather after being up seven straight days."
Although the Nasdaq "could go down another three quarters of a percent," Cramer believes that people need to "buy dips in hot areas" and "start picking away at tech, which is hot."
At the Goldman Sachs conference,
CFO Sue Decker made comments about how this quarter could be soft for the company and how it's had problems with auto and financial ads.
However, Cramer believes that Yahoo!, which he owns for his charitable trust,
Action Alerts PLUS, is "being conservative" with its comments about how its earnings will be in the lower end of the range.
"Sue Decker has been consistently negative about the company's expectations as of late," he said. "She is trying to tamper expectations."
Yahoo! is "very much a 2007 story," Cramer went on to say, adding that he believes the company will have a new search engine. Cramer is not worried about Yahoo!, even though it is not a cheap stock, because he believes that "there is more room in the Internet space than just
Later today, the market will hear from
, he said. Even though it might or might not beat its estimates, Cramer said he is not worried about Oracle.
"When people think a company may not make its number, if it does, the stock goes up; and if it doesn't, it stays where it is," he said.
has been down "very badly" the last few sessions, people assume that the company might be doing something wrong, Cramer said.
But really, Ford is "doing everything you could possibly want" in an effort to save the company, he said.
"I say, give this guy Alan Mulally some time," Cramer said. After all, he just came in, and the first blush of what has been going on at Ford is very positive, he said.
Jumping off Ford or
is not a good idea, Cramer said.
made a "gigantic bet" believing that natural gas would go up, said Cramer.
In the span of a week, it lost its gains and more, he said. The fund had little diversification and that's the main reason Amaranth lost all its money, he said.
"They just gambled and did nothing else," Cramer said. "They gambled and they lost."
Meet the Press Release
There was a headline issued by
The Wall Street Journal's
parent company last night that read "
Reports Increased August 2006 Advertising Revenue at
The Wall Street Journal
; Revises Third-Quarter Earnings Guidance."
At first glance, reading the release's headline promotes two ideas, Cramer said. First, that things are better than expected because of a "strong August," and second, that earnings guidance should consequently go higher, he said.
"But if you thought that, you would be dead wrong," Cramer said.
The press release continues, "However, September advertising at the
is running below our expectations and the prior year." Because of that fact, the release says, "we are reducing our outlook for third-quarter earnings per share."
So, really, this was a negative preannouncement, not a positive one, Cramer said. Moreover, if a newspaper goes this far to mask a press release, then it's not surprising that other companies are issuing press releases that are difficult to understand, he said.
This press release had "way too much spin in my opinion," Cramer said.
, which reports its numbers on Thursday, is a very good $106 stock, Cramer told a caller.
Cramer said he would buy FedEx "gingerly and in scales."
Cramer told another caller that he is not giving up on
, which he owns for his charitable trust,
Action Alerts PLUS.
"I would tell you that at $28, it represents great value," he said.
But it will take out its low at $27, Cramer went on to say.
"The key to its hatred is that people don't like the engineering technological business. But it's a terrific business," he said. "Halliburton is just fine, but if you can't take the pain, don't get in. If you have it, hold on."
When a caller inquired about
, Cramer said that he prefers
out of the two.
"Robert Nardelli might be the wrong man at Home Depot," he said. "He hasn't gotten stock up. We need a real retailer in there."
Responding to his next caller, Cramer said he "sees a lot of upside from
Although it has a high price-to-earnings multiple, he believes that if people buy it in stages, they'll be fine.
Cramer advised another caller to wait a bit before getting into
Because ValueClick is very much related to Internet advertising, Cramer suggested letting the
comments about a slowdown in ads cool down a bit before getting into ValueClick.
Cramer owns Yahoo! for his charitable trust,
Action Alerts PLUS.
At the time of publication, Cramer was long Yahoo! and Halliburton.
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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