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Jim Cramer's Portfolios of the Week - 8368 views
By Roberto Pedone
Posted on June 25, 2010
According to Jim Cramer, the weak housing numbers are a victory for the bulls. On Wednesdays Mad Money TV show, he said no one should have been shocked by the poor new-home sales data. Cramer thinks the real story is how so many economists got their estates wrong.
He pointed out that hes been preaching for weeks how the housing recovery is waning due to problems in Europe and the expiration of the federal tax credit on new homes. Cramer explained that it makes sense that the numbers were weak this quarter since most prospective home buyers bought last quarter to take advantage of the credit.
Cramer said that what was surprising about this quarter was how home prices were still rising, despite the large overhang of unsold inventory. He told viewers hes still bullish on housing and thinks we will see a housing shortage in 2012.
Recently, Cramer found opportunity in stocks that could benefit off the appreciation of the yuan, accidentally high-yielding dividend stocks and technology stocks. Here are some Cramer highlights from over the past week as aggregated from his "Mad Money" TV show, the "Stop Trading!" segment on CNBC and his RealMoney blog posts. (These blog posts might require a RealMoney subscription.)
Cramers Top 13 New Dividend Stocks: Recently, Cramer highlighted his top 13 new dividend stocks that fall into two categories -- accidental high-yielders and dividend boosters. In a special report on cnbc.com, he wrote: Plum Creek Timber (PCL) is the largest private timberland owner in the U.S., and its a major beneficiary of the rebounding building-materials market, a business that should get even stronger. The Cramers Top 13 New Dividend Stocks portfolio includes KKR Financial (KFN) and National Fuel Gas (NFG).
Cramers Yuan-Appreciation Winners: Cramer sees opportunity in stocks like Cirrus Logic (CRUS) and Yahoo! (YHOO) off the news that China is revaluing their currency. On Mondays Mad Money TV show, he said both Baidu (BIDU) and Apple (AAPL) will do well as the Chinese middle class does well. The Cramers Yuan-Appreciation Winners portfolio includes Wynn Resorts (WYNN) and Coach (COH).
Cramers 5 Hedge Fund Stocks Plays: Cramer has identified five stocks like SanDisk (SNDK) and Akamai Technologies (AKAM) that hedge fund managers could pile into between now and the end of the month. On Mondays Mad Money TV show, he told viewers thatMetroPCS (PCS) with its solid subscriber gains is a great choice for hedge fund managers. The Cramers 5 Hedge Fund Stocks Plays portfolio includes Pioneer Natural Resources (PXD).
Cramers Stocks for Double-Dippers: Cramer believes that the double-dippers arent going to reach for stocks like Caterpillar (CAT) and Bucyrus International (BUCY). In a June 21 blog post, he wrote: Intuitive Surgical (ISRG) is screaming here, up eight, as it continues to recover from worries that strapped governments and hospitals won't allow its use or pay for it. Silly, if you ask me. The Cramers Stocks for Double-Dippers portfolio includes Deckers (DECK).
Cramers Just Fine Tech Stocks: Cramer thinks tech stocks like Jabil Circuit (JBL) and Red Hat (RHT) are just fine. In a June 22 blog post, he wrote: Red Hat? Maybe a good tell for VMware (VMW) and Salesforce.com (CRM), not that the latter needs it because we are going to see their new red hot Chatter product, the corporate social networking system that companies are apparently clamoring for. The Cramers Just Fine Tech Stocks portfolio includes Research In Motion (RIMM) and Adobe Systems (ADBE).
Cramers Oil-Spill Misery Stocks: Cramer thinks the Gulf oil spill is bad news for retail stocks such as Tiffany (TIF) and Polo Ralph Lauren (RL). In a June 24 blog post, he wrote: Retail is especially vulnerable here because you can't quantify the misery that the spill is creating to the American psyche. The Cramers Oil-Spill Misery Stocks portfolio includes Home Depot (HD) and Bed Bath & Beyond (BBBY).
http://www.stockpickr.com/problog/2288/ " target="_blank" class="headlinets">>>"Fast Money" Portfolios of the Week
http://www.stockpickr.com/problog/2287/ " target="_blank" class="headlinets">>>4 Stocks That Could Get a Lift From a Rising Yuan
http://stockpickr.com/port/Top-World-Cup-Stock-Picks/ " target="_blank" class="headlinets">>>Top World Cup Stock Picks
(Editor's note: At the time of publication, Cramer owned Apple and Home Depot for his Action Alerts PLUS charitable trust.)