Cramer: "Get the Analyst Wind at Your Back"
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Cramer: "Get the Analyst Wind at Your Back"
"Get the Analyst Wind at Your Back"
By Jim Cramer
RealMoney.com Columnist
9/12/2006 8:59 AM EDT
"As bad as the oil and mineral stocks are, with downgrades, put buying, and just pure heaviness, the techs are just the opposite.
Right now, the techies don't want to go down. That's not something that people in the game are oblivious to. So, this morning, Credit Suisse upgrades semiconductor cap equipment, based on, well, nothing, other than that the group seems to be going up. Of course, I am being a tad facetious; there are always good, albeit boilerplate, reasons you might upgrade something, but there's nothing really new there. Just a sense that the train is pulling out, you've got to get on.
I point this out because I want you to be able to anticipate these upgrades and downgrades, both as a trader who can profit from them and an investor who wants to know where the wind can be most at your back.
Of course, the corollary is true, too. Right now there are probably a half-dozen energy and machinery analysts sitting out there -- many of them reading this -- wondering, "How can I downgrade these stocks? How can I take them off the list, even though they are as cheap as I have ever seen them? How can I disassociate myself from this group?"
It's funny, of course, because if you look purely at the fundamentals, if you look at, say, what people are buying -- such as the cell-phone stocks -- you will notice that sales aren't that good. That's right, if you listen to Texas Instruments (TXN - commentary - Cramer's Take), there are real problems with those stocks. But nobody's listening. They are just buying.
And I am old enough to admit that I would rather just join them than think about it, because I like to make money, too. "
(in www.realmoney.com)
By Jim Cramer
RealMoney.com Columnist
9/12/2006 8:59 AM EDT
"As bad as the oil and mineral stocks are, with downgrades, put buying, and just pure heaviness, the techs are just the opposite.
Right now, the techies don't want to go down. That's not something that people in the game are oblivious to. So, this morning, Credit Suisse upgrades semiconductor cap equipment, based on, well, nothing, other than that the group seems to be going up. Of course, I am being a tad facetious; there are always good, albeit boilerplate, reasons you might upgrade something, but there's nothing really new there. Just a sense that the train is pulling out, you've got to get on.
I point this out because I want you to be able to anticipate these upgrades and downgrades, both as a trader who can profit from them and an investor who wants to know where the wind can be most at your back.
Of course, the corollary is true, too. Right now there are probably a half-dozen energy and machinery analysts sitting out there -- many of them reading this -- wondering, "How can I downgrade these stocks? How can I take them off the list, even though they are as cheap as I have ever seen them? How can I disassociate myself from this group?"
It's funny, of course, because if you look purely at the fundamentals, if you look at, say, what people are buying -- such as the cell-phone stocks -- you will notice that sales aren't that good. That's right, if you listen to Texas Instruments (TXN - commentary - Cramer's Take), there are real problems with those stocks. But nobody's listening. They are just buying.
And I am old enough to admit that I would rather just join them than think about it, because I like to make money, too. "
(in www.realmoney.com)
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