Cramer: It Doesn't Take Much to Get These Stocks Up

 | Jun 19, 2017 | 3:11 PM EDT
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Have you noticed that some industrials seem to levitate without any news at all?

Like you, I am watching Boeing (BA) and United Technologies (UTX) as their stocks percolate off the Paris Air Show. So often, I have seen these stocks rally into the air show and then sell off badly. But with $30 billion in orders for just one of its planes, Boeing might have staying power to cross $200.

Not today.

How about Illinois Tool Works (ITW) ? I had this stock in the bullpen for Action Alerts PLUS for months, betting it had to come down. It's just too well run and doing too much to augment its earnings to ever have a meaningful selloff. 

Then how about levitation in the travel names: Priceline (PCLN) , Marriott (MAR) , Expedia (EXPE) and Marriott Vacations World (VAC) , among others. We kept hearing that travel's been down because of Trump's executive order, but these stocks all act as if there is a vicious short-squeeze going on.

Then you have this rather amazing bifurcation in retail. The buyers have circled back to Home Depot (HD) because Amazon (AMZN) went the way of food, not tools. It's a sigh-of-relief buy. I also think the stories about Amazon going into pharma with Whole Foods (WFM) might have created a buying opportunity for Walgreens (WBA) , as we are on the verge of finding out if it can buy Rite Aid (RAD) or if it will do a massive buyback. (Walgreens is part of TheStreet's Action Alerts PLUS portfolio.) 

So many people want to call this a bear market. So many people want to call it quits. But the buyers just keep coming back to tech, finance and drugs and a bunch of industrials and a handful of retailers, too.

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