Running Down the Range-Breakers

Three of Cramer's 'things I'd like to see' for more upside have come to pass. What will be next?
Author:
Publish date:

Editor's note: Three of the items on this list have come to pass -- Nos. 2, 5 and 8. What will be next? This is a bonus story from James Cramer, whose commentary usually appears only on

RealMoney

. We're offering it today to

TheStreet.com

readers in its entirety. To read Cramer's commentary every day, click here for information about a free trial to

RealMoney.

Time for a wish list of things that would break us out of this range:

1.

General Motors

(GM) - Get Report

numbers going higher on a better March, taking that stock back to $50.

2.

Best Buy

(BBY) - Get Report

reporting a great number Wednesday morning and saying that high-end discretionary spending is terrific.

3.

Home Depot

(HD) - Get Report

and

Lowe's

(LOW) - Get Report

saying that this garden season is the best ever.

4.

Nortel

(NT)

saying that it has found nothing substantial in its redo of its books.

5.

Charter

(CHTR) - Get Report

solving its Paul Allen problem and refinancing debt before interest rates go higher.

6.

Phelps Dodge

(PD) - Get Report

declaring a special dividend and reinstituting a new dividend.

7. Same for

Deere

(DE) - Get Report

.

8. The keeper of the

Dow

booting

Eastman Kodak

(EK)

and substituting something that goes up occasionally.

9.

United Technologies

saying that business is well ahead of plan.

10.

Intel

(INTC) - Get Report

saying that the notebook chip inventory buildup is over.

If we could get three of these, any three, I think we could see a short-covering rally of some proportions. If we got five of them, we would retrace much of what we have lost. And if we get all 10? I'd take a couple of weeks' vacation immediately!

At the time of publication, Cramer was long Nortel, Charter Communications, Phelps Dodge and Intel.

James J. 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

Action Alerts PLUS. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to

jjcletters@thestreet.com. Listen to Cramer's RealMoney Radio show on your computer; just click

here.

Click

here to buy Cramer's latest book, "You Got Screwed!" Click

here to order Cramer's autobiography, "Confessions of a Street Addict."