TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer says the strong dollar has been hurting shares of technology and consumer package goods stocks. "We're not using a strong dollar to worry about Cummins (CMI) , and Caterpillar (CAT) and that's rather extraordinary because they're the ones that are really hurt because that's a competitive advantage situation," Cramer says. Cramer also said his charitable trust purchased shares of Pepsico (PEP) on Tuesday. Cramer spoke earlier from the floor of the New York Stock Exchange.
More from Video
How quickly do we find support, is what we'll want to know now, as the correction is occurring while economic optimism builds.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.