- why it's nice to look at the market without severe Europe jitters;
- why buying shares of International Paper is like giving yourself a gift box; and
- some attractive oil-service stocks.
Enjoying the View Without Europe Posted at 1:18 p.m. EDT on Friday, Dec. 9. To me, the whole thing is a little remarkable. You clear up Europe and you get a whole new view on everything. Now, instead of thinking that the semiconductors are terrible, we think there's a trough and it's time to buy. Instead of thinking Europe's in a recession and we'll have to sell the steels and the machinery companies and the DuPont-like enterprises, we say that a recession will be avoided and it's time to buy them. > > Bull or Bear? Vote in Our Poll And, of course, instead of saying that there's still plenty of worry about bank-stock earnings, we decide it doesn't matter about earnings, what matters is no more Lehmans. Contagion contained! Excuse me for being willing to pay for only those companies that are doing well and earning their keep. Still, it is safe to say that we can reverse yesterday's losses because those were predicated on nothing happening at all -- not looser bank requirements, and not an understanding that European banks have unlimited credit lines and don't need to sell sovereign debt. The rose-colored glasses have a habit of falling off a couple of days after they have been put on. So don't let them get too snug. We have failed at these levels repeatedly. Still, it's terrific to see the market shrug off Texas Instruments ( TXN), DuPont ( DD - Get Report) and Altera ( ALTR). In fact, if my charitable trust didn't own DuPont, it would certainly be nibbling today. Random Musings: General Electric ( GE) yields 4% again after that surprise dividend boost. What's not to like! Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long DD.
Box Up a New Play Posted at 8:12 a.m. EDT on Wednesday, Dec. 7. How about a lower-risk play on all of that online shipping? How about the company that makes the boxes for the goods that come in the mail?
Slick Plays for This Market Posted at 6:43 p.m. EDT on Monday, Dec. 5. You know you have a strong oil market when Transocean ( RIG - Get Report) makes you more than 10% in an equity offering in no time flat. Last week, the most disgraced and scorned oil service company, RIG, priced 26 million shares at $40.50, an unthinkable sale given how much stock RIG has bought back at much higher prices. Today, though, Transocean traded as high as $45.50, a remarkable move that shows the power of this rally in oil. I think that it is lasting. Two of my favorites are Clean Harbors ( CLH - Get Report), which is the best fracking cleanup play, and Core Labs ( CLB - Get Report), the quintessential oil technology company with instruments that can tell you what's underneath better than just about anyone. But CLH and CLB are truly the exceptions. The oil service industry index is at $126, down $40 from its high even as oil is very near its high. That's pretty nutty as these companies are having a terrific time. I am surprised there haven't been more BJ Services ( BJS)/ Smith International-like deals given how compelling the long-term stories are turning out to be.