Cramer's Stock Plays Off The S&P Oscillator
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Created by barrons2
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Date updated:06-19-2008

According to Cramer, Friday's market rally was spurred by technical factors after the oscillator dipped to -6. Cramer said that's the signal to buy into the most beaten down sectors of this oversold market to take advantage of the upcoming snap back to normal levels.

symbol name last price % change open
  • +
  • WFC
    Wells Fargo & Co
  • $29.67
  • -4.32%
  • $30.56

These are some of the beaten-down banking stocks he would consider buying. They include: Wells Fargo (WFC) and JP Morgan (JPM).

People owning WFC also tend to own: ACEBACCCBCOPCVXDIS

TheStreet.com Rating: B What is this?

  • +
  • JPM
    Jp Morgan Chase C
  • $37.91
  • -4.53%
  • $39.30

These are some of the beaten-down banking stocks he would consider buying. They include: Wells Fargo (WFC) and JP Morgan (JPM).

People owning JPM also tend to own: AAAIGIBMINTCJNJKOMSFT

TheStreet.com Rating: B- What is this?

  • +
  • RIMM
    Research In Motio
  • $107.49
  • -6.35%
  • $113.68

He also would consider a short-term trade in some old technology names like Research In Motion (RIMM), Salesforce.com (CRM), Hewlett-Packard (HPQ), Google (GOOG) and IBM (IBM).

People owning RIMM also tend to own: AAPLAPAAUYBPCCMECOP

TheStreet.com Rating: A- What is this?

  • +
  • CRM
    Salesforce.com In
  • $53.90
  • -0.15%
  • $53.42

He also would consider a short-term trade in some old technology names like Research In Motion (RIMM), Salesforce.com (CRM), Hewlett-Packard (HPQ), Google (GOOG) and IBM (IBM).

People owning CRM also tend to own: AAPLGOOGRVBDARRSGIGMOPSWPGIC

TheStreet.com Rating: B- What is this?

  • +
  • HPQ
    Hewlett Packard C
  • $44.46
  • -1.40%
  • $44.99

He also would consider a short-term trade in some old technology names like Research In Motion (RIMM), Salesforce.com (CRM), Hewlett-Packard (HPQ), Google (GOOG) and IBM (IBM).

People owning HPQ also tend to own: ACASCLPMRKPHISHFLVZAA

TheStreet.com Rating: B What is this?

  • +
  • GOOG
    Google
  • $450.26
  • -3.05%
  • $460.00

He also would consider a short-term trade in some old technology names like Research In Motion (RIMM), Salesforce.com (CRM), Hewlett-Packard (HPQ), Google (GOOG) and IBM (IBM).

People owning GOOG also tend to own: AAPLAMDCSCODELLIBMINTCMSFT

TheStreet.com Rating: B What is this?

  • +
  • IBM
    Intl Business Mac
  • $115.00
  • -2.82%
  • $117.99

He also would consider a short-term trade in some old technology names like Research In Motion (RIMM), Salesforce.com (CRM), Hewlett-Packard (HPQ), Google (GOOG) and IBM (IBM).

People owning IBM also tend to own: AAPLAMDCSCODELLGOOGINTCMSFT

TheStreet.com Rating: A+ What is this?

  • +
  • IR
    Ingersoll Rand Lt
  • $35.24
  • -3.64%
  • $36.25

In the "new-tech" space, Cramer still likes Ingersoll-Rand (IR), Emerson (EMR), Eaton (ETN) and Parker Hannifin (PH).

People owning IR also tend to own: AHSCHKCVSFGSLLYLOW

TheStreet.com Rating: C What is this?

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