Stocks still under European rule
We're willing to buy companies that report strong quarters only if the news out of Europe is also good.
Surprise? Or no surprise? I am talking about the rate cut Thursday morning in Europe, which signaled to many investors that the new chief central banker, Mario Draghi, is going to try to put out the economic fire while governments deal with the debt issues at hand.
I think it's obvious that we rallied Wednesday because some people knew this was going to happen, so the euphoria quickly died down and we are left with, alas, the ISM report on services in this country, which was disappointing; retail, which was really disappointing; and some earnings reports that were exceptional, like Qualcomm's (QCOM).
So we are striking a balance. Less bad news out of Europe, less good news out of the United States. But because the U.S. is less important than Europe and the last word out of Europe was good, then we do better.
In the end, we are in a moment when we will buy stocks that have good quarters if Europe is higher or there is good news there, and if Europe is ugly we will sell them even if their quarters are good.
So Europe first, then America. Same old, same old.
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Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.
Jimmy : This Europe issue is old .I did not read anything but you headline, . jimmy I'm looking for more, from you . not second day poop that means nothing, . What I want to know is why, would some super stock man not let his cramerican in on( MDVN ) Medvation ,they are only up 130% today .. this is what cramerican want and need . stop with the news boy, BS , and find a deal .
find a deal or shut the f up. form the dudleyville ditchdigger hasta nunca
cramer is finding deals, every time he sniffs a ceo's shorts he is signaling you to short the stock, he is tricky
THE IDIOT STATED THAT HIS HIGH YIELDERS ARE BULLET PROOF
RESEARCH NUCOR ABOUT A YEAR OR SO AGO WHEN HE LICKED THE CEO AND WAS ASSURED THE HIGH DIVIDEND WAS SAFE............ONLY TO SEE THE DIVIDEND GET CUT
AND THE STOCK TANK
YIELD IS MINIMAL PROTECTION...........BEWARE THE SHYSTER
i'm trying to be more like cramer;
in 1776 independance was won
in 1939 WW2 began
in 1945 .....exactly WW2 ended
the joke is on me because he gets paid for this kind of garbage and i don't
the sun comes up and the shill lets out more meaningless commentary
meanwhile some of us trade the swings and make a killing with options and indexes
don't forget that with indexes you have far less exposure to bad books ,bad ceo's, and BAD CRAMER INDIVIDUAL STOCK GAP DOWN LOSERS
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The solid report comes a month after the retailer closed all of its Canadian operations.
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