Even with the rocky market, Cramer was looking for an edge. Here are some the highlights from Jim over the last week (aggregated from Mad Money, Stop Trading!, and his articles):
Buybacks: This past week Jim mentioned one of his favorite techniques he uses in finding good stock candidates: big buybacks. The Mad Money Buybacks portfolio uses Cramer's technique outlined in his book "Mad Money" for buying stocks that have maxxed out their stock buyback plans. CI (which has reduced their shares outstanding for five years in a row) and DIS are among the stocks mentioned.
Commodities: Cramer also disclosed his favorite commodity plays this week. FCX and RIG are included.
Subprime ugliness: As the subprime fallout continued to wreak havoc, many people asked for the stocks drawing the ire of the shorts and Cramer responded with his Dirty Dozen. To be fair, Cramer said if you agreed with the shorts, you should short these stocks to zero. If not, you could buy these stocks on a big dip for a bounce. But Cramer added, “Now, most important: I would not own a single one of these myself."
Play Defense: "Every sector got trashed today ... and that's plain wrong," Cramer said in Mad Money on 3-13. "You have a chance to pick up great merchandise at low prices."
If you didn't want to play the dips on volatile stocks but still were looking for good buys in a shaky market, Jim offered his Red Zone defensive plays, including GIS and K, as defensive plays with good fundamentals and excellent growth.
Oil: Right now there is an opportunity in the oil patch because market players "are not looking at the right things," Cramer explained that in the oil space the real money is going to be made in the drilling sector. And of course he offered us his Top 5 ways to play it.
