Cramer: "Momentum Names Come Storming Back"
Enviado: 11/3/2008 18:26"Momentum Names Come Storming Back"
By Jim Cramer
RealMoney.com Columnist
3/11/2008 11:48 AM EDT
"You see it? You see the momentum stocks? They come right back the fastest. Mosaic (MOS - commentary - Cramer's Take - Rating), Potash (POT - commentary - Cramer's Take - Rating). Boom, right back. Deere (DE - commentary - Cramer's Take - Rating)? Boom, right back, Same with Monsanto (MON - commentary - Cramer's Take).
Same with the big oil momentum stocks like Core Labs (CLB - commentary - Cramer's Take - Rating) and Transocean (RIG - commentary - Cramer's Take - Rating). Schlumberger (SLB - commentary - Cramer's Take - Rating). Smith International (SII - commentary - Cramer's Take - Rating). And of course the coals.
Then there are the momentum techs: Apple (AAPL - commentary - Cramer's Take - Rating), Google (GOOG - commentary - Cramer's Take - Rating) and Research In Motion (RIMM - commentary - Cramer's Take - Rating). Of course.
And gold.
It is all the usual suspects. The problem, though, is that they will NOT rally back to where they were, and people will soon say, "They are rolling over." I like them, but I don't like the market other than the fact that it is oversold, so take the rally and then take the gains.
I would not take all of them off, as I think the grains, the oils, the nat gases and the golds are going to benefit still from more commodity inflation. But I am mindful that people will say "failed rally" and bolt from these after a couple of sessions.
So, you have to have one foot out the door as they rally.
Now, what's interesting is the activity in Terex (TEX - commentary - Cramer's Take - Rating) and Caterpillar (CAT - commentary - Cramer's Take - Rating). Those are really rallying hard, and they are cheap, too. They are stocks that people are betting will come back with the U.S. economy. I can buy into that more easily than most.
But one thing is certain: The Fed's moves help the banks get more liquid. It does not help stop the house price depreciation.
That's what we need stopped.
So that group, alas, is just a sale again. "
(in www.realmoney.com)
By Jim Cramer
RealMoney.com Columnist
3/11/2008 11:48 AM EDT
"You see it? You see the momentum stocks? They come right back the fastest. Mosaic (MOS - commentary - Cramer's Take - Rating), Potash (POT - commentary - Cramer's Take - Rating). Boom, right back. Deere (DE - commentary - Cramer's Take - Rating)? Boom, right back, Same with Monsanto (MON - commentary - Cramer's Take).
Same with the big oil momentum stocks like Core Labs (CLB - commentary - Cramer's Take - Rating) and Transocean (RIG - commentary - Cramer's Take - Rating). Schlumberger (SLB - commentary - Cramer's Take - Rating). Smith International (SII - commentary - Cramer's Take - Rating). And of course the coals.
Then there are the momentum techs: Apple (AAPL - commentary - Cramer's Take - Rating), Google (GOOG - commentary - Cramer's Take - Rating) and Research In Motion (RIMM - commentary - Cramer's Take - Rating). Of course.
And gold.
It is all the usual suspects. The problem, though, is that they will NOT rally back to where they were, and people will soon say, "They are rolling over." I like them, but I don't like the market other than the fact that it is oversold, so take the rally and then take the gains.
I would not take all of them off, as I think the grains, the oils, the nat gases and the golds are going to benefit still from more commodity inflation. But I am mindful that people will say "failed rally" and bolt from these after a couple of sessions.
So, you have to have one foot out the door as they rally.
Now, what's interesting is the activity in Terex (TEX - commentary - Cramer's Take - Rating) and Caterpillar (CAT - commentary - Cramer's Take - Rating). Those are really rallying hard, and they are cheap, too. They are stocks that people are betting will come back with the U.S. economy. I can buy into that more easily than most.
But one thing is certain: The Fed's moves help the banks get more liquid. It does not help stop the house price depreciation.
That's what we need stopped.
So that group, alas, is just a sale again. "
(in www.realmoney.com)