Jim Cramer's Best Blogs

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:
  • Friday's selloff;
  • why Home Depot may be primed to rise; and
  • why Google's conference call was so unsatisfying.

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

This Selloff Is Just Profit-Taking

Posted at 3:48 p.m. EDT on Friday, April 13.

The darlings of banking and tech, JPMorgan ( JPM), Wells Fargo ( WFC), Google ( GOOG) and Apple ( AAPL), have done their best to join Spain in wrecking the day.

But there is so much power in this market, particularly the rotation to the high-growth stocks, that you have to be amazed at how we've been able to hold up.

You have to be blown away by the action in Starbucks ( SBUX), Lululemon Athletica ( LULU), Panera Bread ( PNRA), Chipotle Mexican Grill ( CMG) -- up $8! -- and the other high-growth stocks, as we are simply getting one of the most powerful rotations I can recall.

Of course people are worried about Spain, so some can't resist dumping into the close, but the rotation held up through it.

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This market has become actually predictable, after years of unpredictable behavior. When there is a slow set of numbers like people think we have had in China, they buy the high-growth stocks that don't need economic tailwinds, although you have to be rocked by the action in Caterpillar ( CAT) and the rails.

Previously, in 2011, everything would have been walloped.

I believe that this is simply profit-taking of the highest degree after the two best back-to-back days of the year. The only thing that I am really concerned about is that both Apple and Google are down.

I get why someone might not like Google, given the possibility of a gigantic deal and the oddness of the lack of a plan for its Motorola acquisition, at least that we can tell.

But I otherwise think that the action is stronger than I would have expected, given the hideous close in Europe.

And yes, I would be buyer of Apple here.

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

Home Depot's Ducks Are All in a Row

Posted at 10:47 a.m. EDT on Thursday, April 12.

Sometimes you can take clues and build them into something that adds up to a potentially good stock pick. This morning, Tractor Supply ( TSCO) reports a number that's almost double what people are looking for. You browse the aisles for Tractor Supply, you see a lot of merchandise related to building and home improvement.

Earlier this week, we got a number from Titan Machinery ( TITN), a distributor of CNH farm and construction equipment. It was stellar, so stellar that the company had to let people know ahead of time, just like Tractor Supply.

And then there's Sherwin-Williams ( SHW). Business is up 20%, just a fantastic number, once again precipitating the need for a press release, because the analysts were looking for a number materially lower than what most other people were looking for.

These remarkable preannouncements at a time when employment is weak and small businesses are getting less optimistic tell me that you can separate, for now, employment growth from earnings.

Which brings me to the idea of buying Home Depot ( HD). Yep, Home Depot. Even up here. The goods it sells are very complementary to what Tractor Supply and Titan sell. If paint is booming at Sherwin-Williams, and we know the paint is being bought for both interiors and exteriors, then the home-improvement aisles must be booming, too.

If you go back to the last few Home Depot conference calls, you will hear that the company has been beating the numbers without housing tailwinds. Tractor Supply, Titan and Sherwin Williams tell me that the tailwinds might be in place. That augurs so well for Home Depot that I believe it is worth buying, even after this terrific run. The growth is back, and Home Depot could be heading nicely higher.

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

Unasked Questions on the Google Call

Posted at 6:52 a.m. EDT on Friday, April 13.

It's not an interrogation, it's not an official inquiry, it's not even a press conference.

And that's why I was so unsatisfied with Google's ( GOOG) call last night. Sure, the stock is very cheap, really at about 11.5 times next year's earnings, so the risk isn't there.

It is also exciting. Say what you want, I read enough Twitter and talk to enough people that I know a 2-for-1 split does matter (even though it shouldn't). This stock is going to get some retail acclaim.

I also buy into the notion that they have been able to become less of a cost-per-click company, the key metric for so long (and which was down double digits), and much more display advertising -- far more lucrative, because it is totally unaccountable and therefore subject to much higher margins. Anything less rigorous in advertising actually costs more, not less, and has huge gross margins because it is relatively costless for a Google, especially with its largely computer-driven model and its free content model a la YouTube. They are monetizing YouTube in a way that makes it look like you could, at last, be the home of 100 channels with little to not content costs.

So what upsets me? No substantive questions about Motorola, for one. The earnings were made by a combination of revenue acceleration and a major decline in cap ex and less hiring. What happens after Motorola closes? How much overhead does that bring in? How can that be monetized? What is the strategy there? Good luck finding any answers on that call.

Nothing on mobile and how bad mobile will be for display. The company gave you about a minute on mobile, maybe less. It talked about offering a seamless package of display, display everywhere in the Google ecosystem. That's helpful ... except what does mobile do to the gross margins? The answer? Helps monetize Android. What does Android do? Helps monetize mobile. Thanks for that incredibly circular reasoning.

Or how about Facebook? Can we figure out a way to measure Google vs. Facebook? No one really tried, but with that deal looming, it is someone's job to put it in perspective. Not Google's. But I wish it had somehow come up.

And then there is Apple ( AAPL). Talk about looming. Apple was the massive elephant in the room that no one wanted to acknowledge.

So what do we fall back on? How about a cheap high-growth stock -- 25% growth could be the rubric -- that has a lot of opportunities and is going to figure them out?

That makes sense.

Which is why it is still a buy, only it's a buy with a lot of unanswered -- and, sadly, unasked -- questions.

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

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