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Written by: Jim Cramer 04/28/12 - 2:43 PM EDT
Tickers in this article: AAPL PEP

You need to get ahead of that. It's worth doing, especially given that the stock's not even up. That's wrong. This is a good moment to get long PepsiCo before everyone else does.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long KO.

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Rails and Restaurants Break Out

Posted at 4:18 p.m. EDT on Wednesday, April 25

A lot of breakouts today. But I want to highlight two huge moves up in two totally disparate industries: rails and restaurants.

For the last few days, we have seen a vicious run in the restaurant stocks, possibly on the heels of a slide in Chipotle(CMG) . That caused the shorts to be emboldened ahead of two key reports: Buffalo Wild Wings(BWLD) and Panera(PNRA) . Sure enough, both companies pretty much did no more than I was looking for. In fact, BWLD showed a deceleration in same-store sales.

But these were two of the biggest gainers because they failed to blow up. They didn't disappoint, and the hedge funds were caught looking the wrong way.

Then there are the rails. After CSX(CSX) and Union Pacific(UNP) said things were bad in coal but other strengths made up for it, both stocks were slammed anyway. So the shorts piled into Norfolk Southern(NSC) and got hugely short the name.

Sure enough, because the stock was low enough when it came out and said other cargoes made up for the coal shortfall, it went bonkers to the upside. Union Pacific immediately followed suit and is now on the verge of going to 52-week highs.

This kind of behavior is indicative of how negative people got so fast, just like the Bull/Bear poll that came out today showing an astounding decline in the number of bulls.

These rapid mood swings are a reminder that the bears always seem to come in late and then get their heads handed to them.

Watch for the decline in Caterpillar(CAT) giving the hedge funds a chance not to get short capital goods makers.

Believe me, like Panera, Buffalo Wild Wings, Union Pacific and Norfolk Southern, that will end badly, too.

Action Alerts PLUS, which Cramer co-manages as a charitable trust, has no positions in the stocks mentioned.