Are things really better off now than they were three months ago? That's the question Jim Cramer posed on his "Mad Money" TV show Friday. "Not really," said Cramer, who noted four things that are going right in the market.
Obama-ResistantWith President Obama putting targets on the backs of the oil stocks, defense contractors, utilities, health insurance companies and the drug and medical device makers, Cramer said he's found two more stocks that appear to be "Obama resistant."
Outrage of the DayCramer again took on the SEC for not reinstating the uptick rule and banning the UltraShort Financial ProShares ( SKF) fund, a fund he calls the "fund of mass destruction." Cramer argued the lack of an uptick rule and the existence of the UltraShort fund are pulverizing the financial stocks on a daily basis and creating an unstable market. He said opponents of the uptick rule often cite the rights of short sellers to make a profit as the reason not to reinstate the rule, but those opponents, he said, don't know their history.
Am I Diversified?Cramer spoke with callers to see if their portfolios have what it takes. The first caller's portfolio included BB&T ( BBT), 3M ( MMM), Wyeth ( WYE), CSX ( CSX) and Pepsi ( PEP). Cramer called this group of stocks "perfect." The second caller's top holdings included Procter & Gamble ( PG), Kraft ( KFT), Pfizer ( PFE), Pepsi ( PEP) and Coca-Cola ( KO). Cramer identified three of a kind with drink companies Coca-Cola and Pepsi, and Kraft. He recommended selling Kraft in favor of a biotech and Coca-Cola for a diversified industrial company. The third caller had Biovail ( BVF), Eldorado Gold ( EGO), Nutrisystem ( NTRI), Penn West Energy ( PWE) and U.S. Steel ( X) as their top five stocks. Cramer said this portfolio was diversified.