It is very rare that I see this stock down on a futures selloff. Some of that is the buyback, but some of that is that this is really the only high-end retail apparel company left now that Neiman Marcus has been taken private. There's always Coach (COH) and Tiffany's (TIF) but neither has, at least at this point, the multiple expansion story. The only other one out there that works is Saks (SKS), see below!

Johnson Controls (JCI). Here's a company that hardly ever has a down day. I can't believe, sometimes, how an auto-parts and climate-control company can stand there like a stone wall in the face of a tidal wave of futures selling. My thesis here is that there is a lot of money trying to have some exposure to the large auto sector and Johnson Controls is the only one with consistent earnings, so it's always in demand. Therefore it's a strong buy on these down days.

This is a pure buyback play. When you have a company retiring 19% of its shares a year, a company that is buying back $500 million a quarter and only has 93 million shares out there, the stock is a natural place to buy. I often see this stock looking great on down days, and it's all the company.

Here, the buyback just overwhelms the sellers. I happened to pull up at the specialist post for Alliant Tech not that long ago and was surprised to see a specialist pretty much guarding the stock with Alliant Tech buy orders hoping to connect with sellers. When you have a proactive buyback like that, you are going to see a real buoying of the equity. Here's one where the limited capital requirements and the economics of scale that accrue to bullet-making dovetail perfectly with my "buck the trend" players.

There's been a bid on bad days here that is rather overwhelming ever since the company started reporting upside surprises last year. It feels as if some tech fund wants this stock higher and controls the float. We used to see that in the period where PMC-Sierra (PMCS) and Applied Micro (AMCC) seemed to levitate. Could it be collusion? Like minds? Whatever, the stock has a real lift to it.

Here's a stock that is strong on bad days and strong on good days. Management is more heavily committed to driving earnings more than just about any other stock I know. It's expensive, but it so often hangs in that the outperformance is too formidable to ignore.

First, infrastructure is red-hot. McDermott's (MDR) got contracts. Cramer "would buy every single one of these stocks, even up here. The momentum is real powerful and the earnings estimates are all too low for next year."

Foster Wheeler's (FWLT) got contracts. Cramer "would buy every single one of these stocks, even up here. The momentum is real powerful and the earnings estimates are all too low for next year."