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:
- How to understand why people are dumping good stocks
- How gamers, oil and industrials fared
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
Cramer: Why Are People Dumping Such Good Stocks?
Posted on Feb. 10 at 2:30 p.m. EDT
Wow, lots of seller's remorse. I cannot believe how hard people sold down Amazon (AMZN - Get Report) after that quarter. What was the point? The company failed to meet the guidance for a quarter, but each time that has happened you had to buy the stock. (Amazon is part of TheStreet's Growth Seeker portfolio.)
I cannot believe people really felt it would be different this time. There was nothing "wrong" with the quarter at all. What was wrong was the way people didn't think through why they owned it. Bugs me.
How about Johnson & Johnson (JNJ - Get Report) ? I liked that quarter so much, real growth in the pharma, and people dumped it. After Allergan (AGN - Get Report) , it has the best growth. Dumb. If you wanted to own a big pharma stock, there wasn't one better. Now it gets legs?
But if you go listen to the conference call, you will know why, if you don't own any, this is a pretty darned good place to start.
Cramer: What a Ride for Gamers, Oil and Industrials
Posted on Feb. 10 at 11:06 a.m. EDT
Hey the market can't take up everything at once. Today is video game day, after a remarkable quarter from Activision Blizzard (ATVI - Get Report) . Some terrific spillover to Take-Two Interactive (TTWO - Get Report) and to Electronic Arts (EA - Get Report) . Justified.
It's oil day, as we learn from the IEA that the Saudis are keeping their vows--and then some -- and demand is going higher. I wonder if all of those longs threw their hats in the air when oil hit $51 to $52. (We are making some changes in oil today in the Action Alerts PLUS portfolio.)
And it's industrial day, after that remarkable Cummins (CMI - Get Report) quarter and the amazing Cliffs Natural Resources (CLF - Get Report) quarter (yes, with an offering of 50 million shares to further fix the balance sheet), and the spillover there--on steel.
So do we sweat Nvidia (NVDA - Get Report) ? I say let the momentum owners sell it, and then do the buying. It was a remarkable quarter--but the stock had almost doubled from the last report, so it would have taken an even more remarkable quarter to get it higher.
Today's rally is less-Trump, more-earnings--but don't get cocky. It's Friday, and in the bullish old days, you used to see profit-taking on these occasions.
Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.