• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Technology

The Market Takes Trouble in Stride

Investors shrug off some poor reports and bid up stocks across all sectors.
By JIM CRAMER
Jan 31, 2012 | 03:56 PM EST
Stocks quotes in this article: NKE, GOOG, RL, WPRT, AAPL, MS, GS, GS, C, XOM, RSH, CLR, TJX, DKS, COST, EOG, LTD, PFE, UPS

Financials, retailers, tech and gold. Not often do you get that combination. But when you are able to rack up the best January since 1997, you need a market that's firing on all cylinders.

Today is a microcosm of what you need to make a terrific rally go. You see growth stocks like Nike (NKE), Google (GOOG), Ralph Lauren (RL), Westport Innovations (WPRT) and Apple (AAPL) rolling higher. But the market is really being led by Morgan Stanley (MS), Goldman Sachs (GS) and Citigroup (C). Terrific representation.

Gold is putting on a breakout move today, courtesy the fantasy of European money. We are all figuring out that the governments are going to reflate over there, and that has put a bid in under gold.

This market is the definition of benign. It doesn't take its cue from the negatives -- Exxon Mobil (XOM) and RadioShack (RSH) being the most visible. The growth oils, such as EOG Resources (EOG) and Continental Resources (CLR) rallied today. Last year, Exxon Mobil would have killed the whole group. Buyers of TJX (TJX), Limited Brands (LTD) -- nice dividend boost -- Target (TGT), Dick's Sporting Goods (DKS), Costco (COST), are all totally ignoring RadioShack's warning about poor sales.  

It shrugs off a decline in the euro. It doesn't care about a mild shortfall in Pfizer (PFE). It doesn't foment reasons for a decline in United Parcel Service (UPS) and accepts the profit-taking judgment.

It goes case-by-case, not ETF by ETF. Just terrific all-day action.

_______


More from Jim Cramer:

  • A Hostage to Europe No Longer
  • A Powerful Chip Story
  • The Market's Afternoon Amnesia
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Cramer was long AAPL and TJX.

TAGS: Investing | U.S. Equity | Consumer Discretionary | Technology | Stocks

More from Technology

Kass: Time to Introduce a Financial Transaction Tax and End Weekly Stock Options

Doug Kass
Feb 27, 2021 8:15 AM EST

I believe more sensible regulations should be considered and enforcement is needed to adapt to gains in technology.

I'm Intrigued by the Recent Pullback in Aurora Mobile

Timothy Collins
Feb 26, 2021 3:30 PM EST

While the Chinese company is still not profitable, it is cash flow positive.

Nvidia's Decline Doesn't Make It a Buying Opportunity - Yet

Bruce Kamich
Feb 26, 2021 7:54 AM EST

NVDA has weakened despite great fundamental numbers.

Remember, This Ain't Noah's 'ARK,' It's Still Just a Leveraged Tech Fund

Timothy Collins
Feb 25, 2021 12:40 PM EST

Let's put ARKK in perspective with TQQQ and QQQ, as we get all the hype about Cathie Wood and the fund's 210% rise.

Here's My Technical View on Advanced Micro Devices

Bruce Kamich
Feb 25, 2021 11:00 AM EST

AMD's near-term price action troubles me.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:51 AM EST REAL MONEY

    Watch Bob Lang and Doug Kass Discuss Short-Selling!

    Bob Lang and Doug Kass with an engaging and educat...
  • 11:32 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Navigating a Market Correction
  • 11:29 AM EST GARY BERMAN

    Where Does the Nasdaq Go From Here?

    Where does the Nasdaq Composite (CCMP) index go fr...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login