Jim Cramer: Get Ready for the Analysts to Come Out of Their Foxholes

 | Feb 12, 2018 | 5:02 PM EST
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What do you do if you own a stock that's up big on a day like today, a Boeing (BA) , an Intel (INTC) , an Apple (AAPL) , a Lam Research (LRCX) or an Amazon (AMZN) ?

It's counterintuitive, but just as you are thinking of selling it because you are so relieved that the pain is over, the analysts who follow it are plotting to figure out how to reiterate a buy or even upgrade it because they know that the coast is clear.

Now, while there are rare exceptions where an analyst says "this is my chance to get out," for the most part they are about trying to figure out how to reiterate their buys as the selling has appeared to abate.

Let's take the stock of Apple. We got a pretty negative, downbeat stream of analyst commentary about Apple since the quarter was reported and the stock got smashed.

The instinct for most people might be to flee but the analysts are all about waiting for stabilization. They don't want to be in a situation where they "miss" the next move up even as you may feel we just HAD the next move up. They have said nothing good during this period except Katy Huberty, who, once again, when the stock was in the $150s demonstrated her prowess.

Boeing's tougher but I figure there will be some analyst who will use the "decline" that is no longer to raise their price target for Boeing. Why not? No time like the present.

Intel and Lam Research both took real headers and if you liked them higher you certainly will love them at these levels and I figure you will get a couple of upgrades or "reits."

The most exciting one, though, is Amazon. I cannot believe how many people lost faith in Amazon in the last two weeks. There were people who got in high and then got out low in a particularly painful method of losing money. There were people who thought something had gone wrong with Amazon. There were people who didn't understand that the stock's a tough one when it goes against you.

So, you know what I think will happen? I fully expect that analysts will fall over each other to reiterate buys and raise numbers and make you feel great about this entry point versus last week when they were hiding in their foxholes. They would rather quit than come out on a week like last week and tell you to buy Amazon.

But here? In calm times?

Let me tell you something.

They can't resist.

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