Even though the Trump administration is taking steps to deregulate the coal industry, TheStreet's Jim Cramer isn't expecting a renaissance for coal. "The utilities are afraid of [coal]," Cramer said, adding that investors should continue to expect a natural gas renaissance. For his charitable trust, Cramer likes Apache (APA) and Cimarex (XEC) .
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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.