Cramer's Stop Trading! I See No Courage Out There (2/5/10)

Includes: CCO, CLX, MAR, MCD, MDT, PBI, PG, PH
by: Miriam Metzinger

Stocks discussed on Jim Cramer's Stop Trading! TV segment, Friday February 5.

McDonald's (NYSE:MCD), Clorox (NYSE:CLX), Covidien (COV), Pitney Bowes (NYSE:PBI), Marriott (NYSE:MAR), Cisco (NASDAQ:CSCO), Parker Hannifin (NYSE:PH), Procter & Gamble (NYSE:PG)

With the winter storm in Washington DC raging, Cramer joked a closure of government offices would be the best thing for the stock market; "Can you imagine how high the Dow could go if they were shut down for, like, two weeks?”

Government meddling and obsessive worries about oil and gold futures and the rising dollar are unfairly driving people out of stocks. But Cramer says such fears are unjustified. Looking at earnings reports in general, Cramer declared "Companies are doing incredibly well." Pitney Bowes (PBI) and Marriott (MAR) raised their dividends, and Cisco (CSCO), Clorox (CLX) and Parker Hannifin (PH) reported great quarters. McDonald's (MCD) was added to Goldman Sachs' conviction buy list. However, no one is talking about these successes. “My experience is that nobody cares for about three months,” Cramer said, “and then the people who did care made a fortune.”

Although a rising dollar is seen as negative for stocks, the greenback has only risen two cents and “it doesn’t matter to 95% of the companies that we’re selling right now,” Cramer said. Falling oil prices can even be an advantage for many companies, such as Procter & Gamble (PG), since it would lower raw costs.

It seems that the only thing investors have to fear is fear itself; “I see no courage out there whatsoever,” Cramer said. “None.”


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