3 Buys, 2 Sells From Jim Cramer As Dow Reaches 14,000
During the week of January 28, 2013, Jim Cramer made bullish and bearish references to 36 companies. He was bullish on 29 of the calls, or 80% of the time. For the week, the Dow reached an important 14,000-level. This is important, because the index did not reach that level since 2007. The S&P 500 rose around 0.7% while the Nasdaq’s ETF (QQQ) rose 0.99%. [More Cramer Lists: 3 Buys, 2 Selling Ideas from Jim Cramer, Week of Jan 21]
The rise in the down will invariably bring out optimists calling for more gains, and pessimists warning investors that there is pain ahead. The calls will add to the noise and the confusion in making a correct forecast. Investors must ignore the noise on both sides and pay attention to the measurements that matter: home prices in the United States, quality of earnings by companies, and hints that quantitative easing will end.
Like in the previous week, Cramer mentioned Amazon.com (AMZN) and SAP AG (SAP) again on January 30 and was positive on both companies. Amazon reported profit margins that were better than analyst expectations. The companies that also received favorable mention were Vale SA (VALE), eBay (EBAY), and Nokia (NOK).
Analysis and Discussion