Outsourcing. To politicians, railing against it brings votes. To companies, it cuts costs. But to Cramer, it’s a chance to make Homegamers some mad money.
And that’s no easy task in this market. Sure, the Dow was up 172 points today, thanks in part to a strong earnings announcement from IBM . But, as far as Cramer’s concerned, the rally was just a break in the clouds. The storm will continue.
That’s why he recommended buying the defensive stocks traders abandoned today. It’s a chance to get these picks on the cheap before they start to climb again. And Cramer wasn’t talking just about the typical supermarket and drugstore companies. His focus for Monday’s show was on some lesser-known plays called contract research organizations.