TheStreet.com's Jim Cramer says if you can show you're immune to Bernanke, you're going higher.Cyclicals are on fire here. Stocks like Caterpillar (NYSE: CAT) (Cramer's Take) and Terex (NYSE: TEX) (Cramer's Take) and Joy Global (NASDAQ: JOYG) (Cramer's Take) just can't be stopped. Manitowoc (NYSE: MTW) (Cramer's Take) is a good one. I am thinking United Tech (NYSE: UTX) (Cramer's Take) and Honeywell (NYSE: HON) (Cramer's Take). The rails are on fire.
All of them, what do they have in common? They have left the U.S. behind. We are an afterthought. If you can prove on a conference call that Ben Bernanke has nothing to do with your book of business, you are going higher.
Notice Eaton (NYSE: ETN) (Cramer's Take) and Emerson (NYSE: EMR) (Cramer's Take). They can't quit. When the coal operators come to their sense and realize that they can make fortunes digging for more, then Joy Global will take out the high. I am using any weakness to buy Foster Wheeler (NASDAQ: FWLT) (Cramer's Take), the tug of the non-U.S. cyclicals is that strong.
Of course, if the U.S. comes back you could get a real added bonus.
I wish I had never sold CAT, as it figured out simply to not talk about the U.S. Honeywell was the same way. Danaher (NYSE: DHR) (Cramer's Take), too.
I know these are the worst stocks to own if you believe the early-cycle thesis. But you have to believe in companies that don't do U.S. business or have left it behind. They are on fire and they still can be bought.
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Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. At the time of publication, Cramer was long Foster Wheeler.
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Reader Comments (Page 1 of 1)
2-27-2008 @ 8:36PM
Dave said...
Jim,
Last November on CNBC you said to Buy GOOGLE and even predicted that it is going to hit the 900 mark by December. I bought 275 and from that date the stock has been dipping and continues to dip. Today , you said you are backing out of the stock. Don't you think I can do your job ? When things are good I say" buy" , and when it are lousy I say "sell". Well, I will keep Google because I want to prove you wrong twice.