• 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
    • Bruce Kamich
    • Doug Kass
    • 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. / Industrials

Cramer: More Stocks That Could Be Ripe for Profit-Taking

Watch for a selloff in these stocks.
By JIM CRAMER Oct 04, 2017 | 11:27 AM EDT
Stocks quotes in this article: UTX, HON, COST, DLTR, HD, BURL, TJX, WDC, MU, LRCX

My earlier piece is resonating today about what has moved up that could be ripe for profit-taking.

Here are some stocks that I like very much, but respect the downside if we have a selloff.

First is United Technologies Corp  (UTX) . When it was at $109, I pounded the table so hard here I thought it would break. But now at $118, I think the good news about the Rockwell Collins buy is fully in, as much as the bad news was in nine points ago.

Second, Honeywell International, Inc  (HON) has a strategic review next week, and I think that if they decide not to spin off aerospace, there will be people who are disappointed. That could impact the stock in a negative way.

If the bank stocks come in to this earnings report with a full head of steam, and the employment report isn't as strong as some would expect, then I can see a quick 3%-to-4% decline in the group. That might present a better buying opportunity.

Costco Wholesale Corp.   (COST) reports tonight. I love Costco, but the last few quarters have been fabulous and the stock has gone down anyway. If that happens again, be careful with Home Depot (HD) and Dollar Tree, Inc  (DLTR) , which have both traveled much higher during this period. I would think that Burlington Stores, Inc (BURL) would see some profit taking. I am not backing away from TJX Companies (TJX) , but I think that the seller at $73 will break price and send it to $72.

There is a concerted belief that flash technology is now going down in price. I see pricing relatively stable, but the big rap against Western Digital Corp (WDC) is not only that drives are coming down, but also that flash is peaking. Again, I don't see spot prices falling, but I do want to warn you that profit takers will come on to both Micron Technologies, Inc (MU) and Lam Research Corp (LRCX) if that is the case.

Lower prices may be coming.

Hope that helps.

Join Jim Cramer, CNBC's Jon Najarian and Other Experts Oct. 28 in New York

Jim Cramer will host CNBC's Jon Najarian, TD Ameritrade's JJ Kinahan, famed analytics expert Marc Chaikin and other market mavens on Oct. 28 in New York City to share successful strategies for active investors. 

You can join them as they discuss how smart investors can make the most of options trading, futures contracts, fundamental and quantitative analysis and great ETFs to buy right now. Participants will also get a chance to meet Jim and other panelists and take photos.

When: Saturday, Oct. 28, 8 a.m.-3 p.m. 

Where: The Harvard Club of New York, 35 West 44th St., New York, N.Y.

Cost: Special sale price: $150 per person. (Normal price: $250)

Click here for the full conference agenda or to reserve your seat now.

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, Action Alerts PLUS, which Cramer co-manages as a charitable trust, was long TJX.

TAGS: Investing | U.S. Equity | Transportation | Industrials | Consumer Discretionary | Technology | Markets | Risk Management | Stocks

More from Industrials

Bearish Bets: 3 Sluggish Stocks You Should Consider Shorting This Week

Bob Lang
May 15, 2022 10:30 AM EDT

These recently downgraded names are displaying both quantitative and technical deterioration.

Bearish Bets: 3 Slumping Stocks You Should Consider Shorting This Week

Bob Lang
May 8, 2022 10:30 AM EDT

These recently downgraded names are displaying both quantitative and technical deterioration.

Bears Remain in Control of Rockwell Automation

Bruce Kamich
May 4, 2022 9:12 AM EDT

ROK continued to weaken Tuesday. Here's our latest outlook.

Plug Power Is a Strictly Speculative Name: Here's My Trade Idea

Stephen Guilfoyle
Apr 19, 2022 10:35 AM EDT

PLUG has a number of high volume clients and that could be huge going forward.

Are Linde's Charts Foreshadowing Economic Weakness?

Bruce Kamich
Apr 18, 2022 2:58 PM EDT

Here's what to avoid with LIN.

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

  • 11:33 AM EDT PETER TCHIR

    Thoughts Ahead of the Fed Minutes

    Recent economic and earnings issues are convincing...
  • 02:24 PM EDT PAUL PRICE

    An Interesting Chart

    I'm betting heavily that stocks will be way up aga...
  • 10:10 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    "Market Timing for Dummies"
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 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