NEW YORK ( TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
  • 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.

Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.

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.

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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?

Over the last five years, International Paper ( IP - Get Report) has turned itself into the most important container board company in the world. It did it in the nick of time because e-commerce is about shipping things that normally would be thrown into a bag at the store.

Now they're most likely to be thrown into a linerboard package that would be most likely made by IP, at least when the Temple Inland ( TIN) deal closes.

Everyone is worried about this company and the potential collapse of world trade if Europe goes bad. Instead they should be looking at what will happen when the lowest cost producer of a commodity suddenly gets an uptick in sales and what that does to the bottom line. That's where we are now with IP, as it is by far the lowest cost producer and its numbers factor in about a 1% growth in the business. No more than that.

If we do see any pickup, a monstrous amount of that money will fall to the bottom line. In the interim, you are being paid to wait with a hefty yield and earnings estimates that I believe will have no problem being met.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.

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.

When you get a deal like RIG that's tight as a drum that tells you there's plenty of oil capital looking for a home.

There's a ton of bargains. Schlumberger ( SLB) and Ensco ( ESV) are two owned by Action Alerts PLUS. But I think any one of these could do well on the next European-related dip. I put that in because we haven't had one of those dips as of late, but when they occur, they are so devastating that you have to be able plug in something you really want at that moment.

I think the oils and the oil services represent the best buys in this market.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long SLB and ESV.