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Citigroup thinks Tesla investors hoping for a post-earnings rally later this week should scrutinize a pair of related financial metrics.Investingread more
Olive branches were extended from both China and the U.S. as the two nations are set to restart face-to-face trade negotiations after a monthlong truce.Marketsread more
Coca-Cola topped Wall Street's expectations for earnings and revenue.Food & Beverageread more
New disclosures show Facebook and Amazon each spent more than $4 million on lobbying activity in the second quarter of 2019.Technologyread more
Boris Johnson, one of the biggest voices in the Brexit movement, wins the Conservative Party leadership race by a 2-1 margin.Europe Politicsread more
Disney can nearly double its earnings by 2024, Morgan Stanley said in a note to clients on Tuesday.Investingread more
Amazon is expected to report its second-quarter earnings on Thursday.Investingread more
The largest residential brokerage company in the U.S. is partnering with the largest online retailer in a strategy to boost sales for both.Real Estateread more
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Canaccord Genuity's Tony Dwyer believes stocks are about to fall as much as 5% from their all-time highs.Trading Nationread more
In order to be successful in this market, Jim Cramer recommends investors stop bottom fishing. Rather, avoid the catfish and stick with the top players; gone are the days where the ugly stocks need to be bought.
"I know the idea of chasing winners can be upsetting, but unfortunately, 2014's been all about angling from the 52-week high list, and it won't stop now with just 20 shopping days until the end of the year," the "Mad Money" host said.
One bottom fish that Cramer addressed on Tuesday was Vale, which has the highest-grade iron ore with the lowest cost of production. But that doesn't matter; the stock continues to tank.
The consequences of this suicide pact have caused iron ore to keep hitting new lows every week. Though Vale is talking about selling its base metals division in an IPO, Cramer thinks that doesn't matter since they are producing it for China. Without robust growth in China, this stock won't go anywhere.
Another 2014 bottom fishing disaster was the offshore oil drillers. Everyone ran to this group because of high yields—think plump dividends or interest payments. But it turns out that a 9 percent yield won't do much for you when the stock declines 40 percent. Additionally, when a stock goes down, the company will tend to slash or remove dividends.
Earlier in the year, Cramer thought that General Motors was going to go full steam in 2014. Turns out, they were a bottom fish, too. And while U.S. auto sales may be good, the "Mad Money" host fears that it may not make a difference for GM because of its heavy exposure to Europe and China.
Read more from Mad Money with Jim Cramer
Cramer Remix: What falling oil means to you
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Cramer's worst case oil scenarios
Some other top fishes that Cramer recommended were in biotech, with stocks like Biomarin up 31 percent year-to-date or ISIS Pharma, up 33 percent. The airlines are also profiting from the low cost of jet fuel, making both Delta and American Airlines an attractive purchase. However, Cramer thinks Southwest Airlines is the real winner.
"Stocks, like sports, are unfair sometimes, and right now they're as unfair as I've ever seen. To which I say, 'So what?' To the victor goes the buyers, and that's just the way it is, at least through the end of the year."