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:
- A cautionary note on tech, and
- Strength in specialty apparel.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Next Week, It May Be Tech's Turn
Posted at 7:14 p.m. EST on Friday, July 25, 2014
They turned on retail. Then they turned on aerospace. Then they turned on industrials and housing. Will tech be next?
You have to worry about the way this week went out. We have ignored bad geopolitical news for several weeks because the earnings were pretty darned good, but it seems like the ignoring days are over.
Plus, toward the end of the week, I thought there was as much bad as good on the earnings front. Plus, for the first time in ages, it felt good to have some cash.
I think that next week's headwinds are going to be about a ton of new supply and a sense, post-Visa (V) , that we are going to start getting geopolitical guide-downs from companies that do business in Europe. That has been noticeably absent this earnings period until today.
We have raised a lot of cash for Action Alerts PLUS, as we seem to be in a period where the risk/reward has changed for a lot of our stocks. It was gratifying to see Lear (LEA) and Stanley Black & Decker (SWK) run. But we are back in the world that if you don't blow away and guide up, you get a Starbucks (SBUX). Given the runs we have had, the bar has been lifted a little too high. Or to put it another way, if Starbucks were at $75 going into the print, it would be at $78 now. It just got there going down, not up.