- random late-day action,
- three stocks with limited European exposure, and
- Apple and Google leading the way in tech.
Every Day We Start From Scratch Originally published on Tuesday, Oct. 21, at 6:16 p.m. EDT Gutted, gaffed and left for road kill. Isn't that what happened today? Horrible close, just horrible, and you have to wonder whether Apple ( AAPL), which truly reported a magnificent number, can turn the tide. Maybe it helps that Yahoo! ( YHOO) is at last flexible? I hope if they get a bid for double the share price, Bill Miller from Legg Mason doesn't try to kibosh it! Then again, who knows from session to session? Each day has its own drummer, and we seem to start from scratch at the opening bell. What went wrong today? Hard to tell. The Goldman pension piece scared the heck out of people, and it certainly weighed on a bunch of stocks. The auto news, continually terrible, doesn't seem to help. But for the most part, I think it was just that last-hour nonsense that I have been saying is wrecking this market and turning it into a casino without rules or regulations. It was heartening, however, to read the Rev's comments in the Columnist Conversation that the closes have netted out. I learned my lesson from last Friday when we were up 300 and gave back 400 in a matter of minutes that you can no longer even rely on intraday direction for closing direction, something that had been pretty much a given until very recently. And relying only on an overbought market to make work is simply not bankable.
Strong Dollar Hurts the Global Players Originally published on Wednesday, Oct. 22, at 3:32 p.m. EDT Darned dollar's starting to kill the translators, the big overseas players. Schering-Plough ( SGP) has tried hard to build its business overseas, and boom! Look at that stock after a terrific quarter by any stretch of the imagination. Merck's ( MRK) getting crushed, too, and that's a huge global company. But three that might make sense here are Altria ( MO), General Mills ( GIS) and Unilever ( UN). Altria, now somewhat brilliantly, sold the overseas business. It's the Marlboro man, not the euro man, and the numbers are safe. General Mills, unlike Kellogg ( K), isn't big in Europe and its expansion is in China. But it is still largely U.S., which sure is fabulous right now. And Unilever is a strong dollar winner with its translation. We are going to see numbers come down huge soon on this dollar -- and you are also seeing gold get crushed as people buy back their dollar shorts and sell gold, as Europe's getting much weaker than the U.S.
Watch Apple and Google for a Turn Originally published on Thursday, Oct. 24, at 3:25 p.m. EDT Editor's note: Jim Cramer will present his 2009 stock outlook for the first time at TheStreet.com Investment Conference on Saturday, Oct. 25. Limited seating. Act now. We don't have enough stocks for which we can say, "They have it, they figured it out, they are going to make good money now, not some amorphous time in the future." I see two of them: Google ( GOOG) and Apple ( AAPL). They are delivering and delivering now. Apple's got $23 billion in cash, it has tremendous products that are just getting traction -- the phone -- and it probably has more in the pipe that we don't even know about. In the meantime, think about Sony ( SNE) today? They have nothing cooking at all. LG and Samsung are killing them. Think about AT&T ( T). They are subsidizing Apple, for heaven's sake. I mean, this company has everything cooking and it is the youth stock, meaning that kids love it, so the next generation will be buying their laptops, their desktops and their phone and their iPod. I think that's all she wrote for so many others!