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  Opening Segment #1:
Rally Point
  Thursday, October 23, 2014
 
 

 

   
 

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Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name

na

na

General market comments, below... 

 
 

   Jim's Quotes from this segment:  

Jim:
          
When you have a broad-based rally like we had today, where the Dow roared 217 points, it's tempting to use the broad data that comes out every morning to explain the performance. Why not? It's easy. It's spoon fed. It never sounds wrong.

 

Jim:    I think the rally in independent oils, courtesy of an amazingly-positive presentation by fast-growing shale player, Cimmarex, reassured many who worried about the decline in oil, as did a company that we're going to speak to later on today the show. And tomorrow we'll be right back at the battle site with the fab numbers from Microsoft and semiconductor equipment giant, KLA, up $10, $11, $12, whatever, after the close, going hammer and tongs with another lousy Amazon report.

But the bottom line is that...

▼   ▼   ▼   ▼   ▼

The troops who fight for the bulls crushed the bears today, in vicious hand-to-hand combat. And that more than anything else really did cause the rally.

 

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[end of segment]

Read Jim's next Segment here  

 

Note:   Pertaining to these stock recommendations & any other, Jim Cramer recommends that we do our homework before investing.   We've provided a free workbook at this StockHomework101 site for this,   here >>

 

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  New FREE stock homework website and workbook...  

[end of segment]

*Note:  An asterisk next to a stock indicates that Jim owns it currently for his charitable trust.  If you are interested in a particular stock, Jim Cramer recommends that you always do the homework on each stock, and that you wait at least one trading week after his show recommendation to evaluate whether it is a good stock trade or investment for you. 

Market Results today:

Dow:  + 217

Nasdaq:  + 70

S&P 500:  + 24

 

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