Banking, finance, and taxes
Cramer Calls A Bottom & Gives Play Book Picks (C, CVS, COST, GES, JCG, IBM, DD)
Published:
Last Updated:
On tonight’s MAD MONEY on CNBC, Jim Cramer said emphatically that the huge drop today followed by the monster rally in the same day is a classic bottoming pattern, although he thinks that the move was too quick and he wouldn’t be surprised if we pull back over the next couple of days. When you see the action like this the financial stocks and the retailers that have been the most bettered become the best places to jump in. Here are his play book picks from retail stocks and financial stocks as the sector rotation trades comes into play:
He also wants to pick stocks with no earnings risk that have already pre-announced better earnings:
Last week Cramer went value fishing for technology companies that he thought were either overlooked during the meltdown or that had been oversold. Here were his picks then:
Jon C. Ogg
January 23, 2008
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.