Cramer's Stop Trading! Bull Run (3/23/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Program, Monday March 23.

Airgas (ARG), Oracle (ORCL), Xilinx (XLNX), Taiwan Semiconductor (TSM), Microsoft (MSFT), Salesforce.com (CRM), T. Rowe Price (TROW), Franklin Resources (BEN), Janus Capital (JNS), Exxon Mobil (XOM), Transocean (RIG), Schlumberger (SLB)

While the rally was mainly sparked by the Treasury Secretary's solution for toxic assets, Cramer thinks the bullish sentiment could continue, given that oil is at $50, tech is strong and a forgiving attitude prevails concerning missed earnings. For instance, Airgas lowered its guidance and still showed "very bullish" performance. TSM, Xilinx and Oracle all beat earnings and brought up MIcrosoft. Cramer expects Salesforce.com to go higher. Cramer would look to T.Rowe Price, Franklin Resources and Janus Capital as "tells" on the market and early indicators of a bull market. Exxon should catch an upside as oil continues to rise and oil supply shortages will be good news for Transocean and Schlumberger, according to Cramer.

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Comments

[Thrift Maven:]

Franklin Resources - symbol BEN - turned a $1,000 investment into $1,000,000 over an 18 year period during the great bull market of the '80's - '90's. And that was before they had gone into China and India. It was the most successful stock at that time period. Putting 5-10 shares in a Roth Ira, reinvesting dividends, not looking at it for the next 20 to 30 years, not worrying, might provide a very interesting lump sum at retirement. "Many a mickle can make a muckle." (Old North Yorkshire saying coined by Joseph Addison during a financially bleak period.)

Mar 24 10:23 AM

[bassmaster17:]

Inventory data is a lagging indicator, especially when Mexico is running out of oil.

Mar 25 11:47 AM