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Jim Cramer's Approach to 'Up' Stocks

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Ever heard of an 'Up' stock? Jim Cramer breaks it down for you.

"At this point in the year, the winners keep winning, Jim Cramer told his Mad Money viewers Thursday. That's because every year in late November, hedge funds start doubling down on their biggest winners, making a handful of stocks seemingly unstoppable. Cramer said these "up" stocks have the power of momentum behind them and they'll keep working until the beginning of the year," wrote TheStreet's Scott Rutt in his Mad Money recap.

"This year, there are 10 "up" stocks, Cramer said, starting with payment technology companies Square (SQ) - Get Report, which is up 206% for the year, and PayPal (PYPL) - Get Report. Other anointed stocks include Tesla (TSLA) - Get Report, which is being added to the S&P 500, and Amazon (AMZN) - Get Report. Cramer said Target (TGT) - Get Report makes the list going into the holiday season, as does the cord-cutting stock of Roku (ROKU) - Get Report."

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

Watch: Everything Jim Cramer Is Watching in Markets Friday

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