Jim Cramer's Market Minute Recap, Dec. 14

by: Miriam Metzinger

Miriam Metzinger submits Recap of Jim Cramer’s comments on Market Minute, Thursday December 14. Click on a stock ticker for more analysis:

Johnson & Johnson (NYSE:JNJ), AIG (NYSE:AIG), Research In Motion (RIMM), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Electronic Arts (ERTS), Marvell Tech (NASDAQ:MRVL), Seagate Technology (NASDAQ:STX), Schering-Plough (SGP), Exxon (NYSE:XOM), Chevron (NYSE:CVX), Sears Holdings (NASDAQ:SHLD), Citigroup (NYSE:C), Bank of America (NYSE:BAC): Cramer is bullish on the market and notes the successes of AIG and JNJ as well as the improvement in the retail, tech and drug sectors, in spite of the "orb of expiration" surrounding stocks lately: "I think that people should understand that the mark time we've had since the month began may be over right now." In the tech sector, Cramer likes RIMM, MSFT, ERTS, MRVL and STX. In pharma, Cramer believes that the Pfizer acquisition is going to bring JNJ higher but cautions that SGP is too expensive. Concerning oil, Cramer comments that Exxon is going back to $80 and disagrees with the CVX downgrade to $72. In the retail sector, Cramer urges investors to keep an eye on Lowe's and comments that SHLD always is trapped at the strike and goes up after expiration. Regarding financials, Cramer notes that C didn't decline after news from CEO Charles Prince , and that Bank of America did not make a "bad" acquisition. Cramer concludes: "When I see the insurance stocks all breaking out here, I got finance going for me, I got drugs going for me, I got tech going for me ... this market's going higher."

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