VIDEO - Blackjack Concepts and Trading
Video – Blackjack Concepts and Trading
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Breakouts and Technical Analysis of Chart Patterns
He urged viewers to think longer term. Investors who came in a few days late after the Fed made a much-needed rate cut in 1990 to get the U.S. out of a recession still had the chance to profit. After all, the Dow is up 10,000 points since then.
“Yesterday’s rally was nothing – and I mean nothing – compared to what’s to come,” Cramer said. “Now is the time to buy.”
So don’t believe the bears who missed the move or shorted the market or still say stocks are headed down. As far as Cramer is concerned, yesterday’s 50-basis-point cut had a measurable impact. Automakers can now offer better financing, homeowners can refinance their mortgages, and consumers willing to spend more can give a boost to struggling retailers.
Smart Balance [SMBL 12.2 --- UNCH (0%) ]: Cramer’s not a fan. Stick with a name like Pepsi [PEP 71.11 --- UNCH (0%) ], he said.
Parametric Technology [PMTC 16.84 --- UNCH (0%) ]: If you want to be in the software stocks, Cramer recommends BEA Systems [BEAS 13.38 --- UNCH (0%) ].
General Motors [GM 34.98 --- UNCH (0%) ]: The UAW should have gone after someone else, Cramer said, because GM is “sticking it to them.” The company is a powerhouse, and Cramer recommends keeping an eye on it, then buying aggressively when the stock comes in.
DirecTV [DTV 24.42 --- UNCH (0%) ]: Cramer likes DTV, but his favorite satellite play is RRSat Global Communications [RRST 20.85 --- UNCH (0%) ].
Zumiez [ZUMZ 49.0601 --- UNCH (0%) ]: “Have you been to one?” Cramer asked. “The place is rockin’!” ZUMZ has the momentum and it has the merchandise, he said. It’s a “hot play in a hot market,” and he endorses it even at its 52-week high.
Superior Offshore [DEEP 11.83 --- UNCH (0%) ]: Along with NYSE Euronext [NYX 69.36 --- UNCH (0%) ] and Sears Holdings [SHLD 134.88 --- UNCH (0%) ], DEEP is an example of a good company with a terrible stock, Cramer said. That said, he still is holding onto the faith that all three of these companies will come back.
Oshkosh [OSK 56.57 --- UNCH (0%) ]: This truck manufacturer has an “ideal combination” of emergency and defense vehicles, but Cramer is sticking with his favorite defense name: Northrop Grumman [NOC 79.86 --- UNCH (0%) ], followed by Lockheed Martin [LMT 101.19 --- UNCH (0%) ].
Cisco Systems [CSCO 32.09 --- UNCH (0%) ]: The stock is going the speed limit, Cramer said, and it’s not going to get a ticket. If CEO John Chambers can come out and say he’s bullish, Cramer is bullish, too.
GMX Resources [GMXR 33.5 --- UNCH (0%) ]: Cramer is a believer in natural gas going higher. Stay long nat gas, he said, and GMX is a “fine” way to do that.
Siemens [SI 129.74 --- UNCH (0%) ]: Despite recent losses, SI is a high-quality company, Cramer said, and it’s too cheap to be forgotten. Also: “Germany is coming back.”
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Parker Drilling [PKD 8.62 --- UNCH (0%) ]: “This is the worst driller in the world,” Cramer said. “Step up to the plate and buy some quality!” He recommends Transocean [RIG 111.07 --- UNCH (0%) ], Schlumberger [SLB 106.97 --- UNCH (0%) ] or Halliburton [HAL 38.02 --- UNCH (0%) ].
Assurant [AIZ 51.82 --- UNCH (0%) ]: This one is boring, Cramer said. He prefers Prudential [PRU 94.97 --- UNCH (0%) ] and Metlife [MET 69.92 --- UNCH (0%) ].