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Tuesday, 11/13/07
Posted 11/13/07, 09:31
pm |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 11/13/07 |
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Dow Jones: |
13,307 |
+319 |
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NASDAQ: |
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2,673 |
+89 |
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S&P 500: |
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1,481 |
+41 |
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Opening Segment 1
Title: |
'On The Rebound' |
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. . . .
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Featured Stock(s): |
General comments from
Jim about the market
action today, and
implications for the
future behavior as he
sees it.
No specific stock
picks this segment.
See Opening Segment 2,
below...
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JJC: What a
day! I mean, you can
practically taste the
euphoria, up 320 points...
We don't get a lot of
that, right?...
It was hard fought, but it
is why we stay in the
game...
Look, all I can do is tell
you it can get better, but
this is why we didn't
panic last week... and we
didn't panic yesterday...
because opportunity does
exist...
But what kind of
opportunity are we talking
about?...
. . . .
.
I think we've got a week
of good market now...
This rally gives us a
week's worth of good...
That's what my historical
judgment and the pattern
says when we get this
oversold...
Now, I'm not saying we're
going to be up every one
of the next five days, but
we should be higher than
we are now - a week from
today...
So, that's your window to
take advantage of the
short-term positive
action. When it's over
though, hey!... Be
repositioned...
Think about 1990 again...
Think of this as a
week-long vacation in a
bull market, before we
have to go back to that
dreary world of sub-prime
and CDOs (i.e.,
collateralized debt
obligations), and the Fed
that's going to let us
down...
Back and forth, starting
again next week...
. . . .
.
The Bottom Line!:
It is bizarre, and it's
maddening, and it's kind
of incomprehensible... but
I think we've got a week
of strength ahead of us.
We know it will end, and
the miserable, unforgiving
and brutal market we've
been living with will come
right back, but enjoy it
for now, and stay with
Cramer...
[See Jim's 2nd Opening
Segment stock picks
below... ]
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
investing books ordered:
(click any book to see at
Amazon.com)
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■ |
Stock Snapshots - Includes
all stocks mentioned above |
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Cramer's
rating on
this stock |
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price
that
day |
Opening
price
next
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Name/Comments
(see comments above for
each) |
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Opening
Segment 2 Title: |
'History
Lesson' |
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. . . .
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Featured
Stock(s): |
Genentech Inc. (DNA)
Celgene Corporation (CELG) |
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JJC: Finally
we get a day that doesn't
make me want to rush home
to my dirty linoleum floor
to guzzle that cheap
scotch to wash the pain
away...
There's still a bull
market somewhere, and we
get them periodically,
okay?... We just had one
this day... But, we've
seen it all before...
In 1990, I saw these
rallies. They were
beautiful. They were...
you just wanted to grab
them, hold onto them... It
was just so sweet. And
then the stocks went down
again...
... except for the stocks
with the highest growth.
Pharmaceuticals and
biotech stocks....
Remember, you don't stop
taking your medication,
just because the bank
seizes your home... and
you sure don't stop trying
to cure cancer.
So the biotechs, after
this five-day rally, will
come back in vogue...
Tonight, I've got three
that don't fit into
today's mode, but they fit
into the 1990 mode...
These stocks could make
you money, but that's
secondary, because we're
buying them for capital
preservation through this
period.
Even if these stocks don't
turn out to be
mega-winners, I do believe
they'll generate more
upside than you get in
cash or treasuries, or
many of the stocks that
are rallying right now,
back to almost where they
were, before they start
going down again...
. . . . .
We're going to biotech
because, if there are
going to be longer-term
winners in this market...
and here, I'm speaking
about winners between here
and year-end... I think it
ought to come from
high-growth biotech
stocks, and that's what
happened in 1990...
And I expect my three
names to do very well...
But you've got to
recognize that, in this
market, after the oversold
rally's over, doing okay
is a triumph...
I'm going to give you my
first two now... a couple
of steadier biotech names
with less risk, that
didn't do well today at
all... One of them was
down... and then I'll come
back with a third which,
to me, looks most like
AMGN in 1990... [See it
here] with high risk,
but the highest growth...
The more conservative pair
are two... one that I
haven't liked at all that
I'm going positive on - I
haven't liked it in
months, but I'm going to
go positive on here,
because it was down and I
like the opportunity...
and that's
Genentech Inc. (DNA)...
And the other that's tried
and true that I'm coming
back to, that's done
nothing, that it's time...
okay, it's Celgene Corporation (CELG)...
Neither of these is going
to erupt this week... this
is not something that
you've got to buy
tomorrow. Scale in... When
the rally ends next week,
these are going to be men
(left) standing...
. . . .
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The Bottom Line!:
I do like Celgene Corporation (CELG)
more, but
Genentech Inc. (DNA)
is cheaper... DNA has more
of a catalyst near term
and, in the 1990 playbook,
DNA and CELG belong to a
small, select group of
stocks that should hold
up, even after the
oversold rally is done. I
think they have potential
to actually make you money
if we get a recession...
if the Fed doesn't ease...
if we get a financial
crisis... and I say what
more could you ask for?...
|
Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
| | | |
