On Stop Trading! today, Cramer reiterated his bullish stance on the oil drillers. Stocks like Halliburton , Transocean and ExxonMobil are helping to drive this market, he said. Transocean is having “one of the greatest runs I’ve ever seen in my career,” Cramer said.
Cramer thinks it’s time for investors to just ignore the things that aren’t working, such as tech and drug stocks. He would rather stick with the agriculture, machinery and aerospace complexes, which are all faring better than tech and big-cap drug companies like Pfizer and GlaxoSmithKline . Cramer likes Deere , Caterpillar and Foster Wheeler in the agriculture/machinery space.
As for tech, the worst is yet to come, Cramer said. “You cannot anticipate the bottom.”
Jim’s charitable trust owns Halliburton, Transocean and Caterpillar.
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