Homepage / Technology / Cramer checks the rally's merit by inspecting the Dow's top 10 stocks
Les Gambling establishments en Ligne en France 2024 200% Reward + 300 Free Rotates LevelUp Internet casino Melbourne En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi En İyi ve Güvenilir Casino Siteleri Canlı Casino Siteleri 2023 Listesi Le meilleur casino en ligne franзais Extra Casino avec le dйpфt minimal le in addition bas Yeni Casino Siteleri ᐈ Çevrimiçi Kumarhaneler Mart 2024 Les gambling establishments en ligne proposent une grande variйtй de jeux de internet casino gratuits. Türkiye’deki Resmi Web Sitesi Google Play, Türkiye’de kumar oyunlarına izin verecek Her Gün Tatil Olsa ORDU’DA PAZARTESİ GÜNÜ FINDIK FİYATI NASIL? كازينو اون لاين الكازينوهات الممتازة على الإنترنت ألعاب الكازينو المباشرة مينا كازينو العر Google Play, Türkiye’de kumar oyunlarına izin verecek Domain Sorgulama & Domain Fýrsatlarý Canlı Casino Siteleri: 2024 Güvenilir Siteler Seçilmiştir Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın Golden Easter Slot İncelemesi 2024, Demoyu Ücretsiz Oynayın 1xbet Türkiye Giriş Empieza Kayıt 202 Kumar Ve Kumarhaneler Hakkında Pek İlginç 21 Bilgi Kumarhane Doğru Yazımı Nedir? Tdk Ile Kumarhane Kelimesinin Doğru Yazılışı! Mobilbahiste En İyi Kumar Bonusları Ve Kazançlar Mobilbahis Giriş Sayfası On Line Casino Siteleri En Iyi Casino Siteleri 2024 Mostbet: Türkiye’de Internet Casino Mostbet Online Slotlar Ve Canlı-casin Pin Up Casino Oyna Türkiye, Pinup’un Sah Web Sites Ifade Haberleri Son Dakika Ifade Hakkında Güncel Haber Ve Bilgiler “önceliğimiz Transferin Önünü Açmak, Görüştüğümüz Yerler Var” On Line Casino Nuh’un Gemisi Deluxe Resort & Spa, Kıbrıs Bonus Veren Siteler 3 000 Den Fazla Online Oyunu Ücretsiz Oyna En Tehlikeli Kumar Oyunu Ekşi Sözlük Deneme Bonusu Veren Siteler Deneme Bonusu 2024 Explore the Magic of WildCardCity Güvenilir Bahis Siteleri En İyi Kumar Siteleri Balıkesir Triatlonuna Avrupadan Ödül Tricks of the Aviator gambling establishment game by Spribe Çevrim Içi Kumar Siteleri “bonus” Yalanıyla Kandırıyor En Güvenilir Canlı On Line Casino Siteleri Xbetting-tips Com Uncovering the Abundant Tapestry of Ozwin Gambling establishment Evaluating Board Portal Providers Uncovering the Wealthy Tapestry of Ozwin On line casino Electronic Data Area Providers Evaluation Cobra Internet casino: Raising the Australian On the internet Video gaming Practical experience 4 Things to Search for in Safeguarded Cloud Safe-keeping Fastpay On line casino Australia – Simple and No-Taxation Wagering Web page officielle franзaise de Joka Gambling establishment The Software Development Universe Game Woo Internet casino – Enjoy Slot machine games around australia Ostdeutsche Biersorten What Are Virtual Data Rooms? Vitamin D Receptor Polymorphisms Revue du Casino BlackLabel Faktory, kterй ovlivnujн hodnocenн ceskэch online kasin How to Make the Most of Your Web Development Organization and Advertising Efforts L’essor des casinos en ligne en France Boost Meeting Efficiency With Boardroom Technology Developments WildJoker Casino WildCardCity On line casino – Guaranteed Australian Gambling Portal WildCardCity Casino – The Ideal On the internet Gambling establishment within australia Modern Technologies Produce Sharing Documents Online Faster and More Protect Free Virtual Info Room pertaining to Speedy Due Diligence A Review of Data Area Software For people who do buiness Five Board Bedroom Features Which will help You Acquire a More Productive Boardroom Electronic Systems To your Business Understanding Legal Terms and Laws in Today’s World The Laws and Contracts of Hollywood: A Sunset Blvd. Tale Legal Discussion Between Johnny Cash and Antonin Scalia Legal Insights: What Teens Should Know Legal Issues and Exceptions: What You Need to Know Legal Insights and Expert Analysis Celebrity Dialogue: Legal Matters in the 21st Century Famous Personalities Discuss Legal Issues The Boys in the Boat: Legal Advisors and The Quest for Legal Knowledge Understanding Legal Matters: Q&A on Criminal Law, Joint Ventures, and More Enticing Title The Departed: Understanding Basic Work Requirements and Legal Rights Youth Slang Blog Article Legal Insights: A Journey into the World of Law The Ins and Outs of Legal Matters: Everything You Need to Know Legal Insights and Trends: A Rap Guide Mysterious Legal Matters Unveiled Insights and Information: Understanding Various Laws and Regulations Famous People of the 21st Century The Circle of Legal Life The Intersection of Fashion Law, Legal Translation, and THC Oil: A Modern Legal Guide Legal Q&A: Understanding Joinder Federal Rules and More Understanding Legal Terms and Conditions: A Comprehensive Guide Understanding Legal Documentation in a Fun Way! Understanding Legal Aspects: From Islamic Law of Inheritance to Farm Law Protests Understanding Legal Rights: A Guide to Legal Regulations and Requirements Understanding Legal Guidelines and Agreements Famous 21st Century People in Conversation Mysterious Legal Matters Unveiled Legal Matters and Real Estate: A Conversation Between Cameron Boyce and Donald Trump Understanding Legal Expertise and Why It Matters Legal FAQs and Expert Services Understanding Legal Ramifications: Common Law Ontario Health Benefits and More The Ins and Outs of Legal Requirements: From FBI Academy Physical Requirements to Silver Lake Fishing Rules The Legal Underworld: Understanding the Significance of Laws and Rights Legal Conversations: A Dialogue Between Jon Jones and Chadwick Boseman Legal Beats: Bobcats, Real Estate, Babysitting, and More

Technology

Cramer checks the rally's merit by inspecting the Dow's top 10 stocks

When President Donald Trump tweeted that “business is looking better than ever,” adding that “that just doesn’t happen,” Jim Cramer took the leader of the free world up on his claim.

“It’s worth pondering the question: Is the president right?” the “Mad Money” host said. “The short answer: Yes. At least about the market, he’s right. I say that because I’ve always been of the exact same mindset as the president: it doesn’t just happen. It takes a very special set of circumstances to have a market be this strong.”

But Cramer values skepticism and acknowledged that stocks are trading at historically pricey levels, giving more bearish investors cause to worry about overvaluation.

To clear the air, the “Mad Money” host decided to look at the Dow Jones Industrial Average’s 10 top-performing stocks in 2017 to see if their valuations are justified or overblown.

Up 52 percent year-to-date, the stock of aircraft giant Boeing has rallied on a strong order book and growth in airline traffic, which has increased demand from many of Boeing’s customers.

“The airlines have never been this flush. They’re lining up for planes. Airline traffic is in secular growth mode because of the great middle-class-ification occurring all over the globe. In short, [the move is] merited,” Cramer said.

If Apple were just a mobile phone company, Cramer would balk at its 35 percent run in 2017. But given the fact that the tech giant is, at its core, a consumer products company, Cramer said its valuation is actually still too cheap.

“Apple trades at 14 times earnings versus Clorox. Now, is that ridiculous? Even though its products are every bit as beloved as bleach?” Cramer said, comparing it to Clorox’s 23-times-earnings valuation. “Not only does Apple’s move up make sense, doesn’t it seem like it should be much higher?”

With several tailwinds at its back including accelerating growth and the global paper-to-plastic payment shift, Visa’s stock has enjoyed a 29 percent run since the start of the year.

The only potential threat to Visa is that the company hopes to take China by storm, and if Trump puts sanctions on China, Chinese officials could retaliate against U.S. companies like Visa.

“That would knock a great growth component from what I’m looking for and the stock would go lower. But at that point, you know what you’d be getting? Yes, a buying opportunity,” the “Mad Money” host said.

Having rallied 28 percent year-to-date, McDonald’s 6 percent worldwide growth is impressive for a company as old as established as the popular fast food chain, Cramer said.

“However, with a weaker dollar that translates to higher earnings, new technology that’s improving the experience and the simplified menu … the darned turn is just getting stronger,” he said. “It deserves the run.”

Up 22 percent for 2017, the construction giant has undergone a restructuring of late, laying off employees to right-size the organization and make it profitable again.

“With only a little bit of pick-up in revenues, [Caterpillar] can make a ton of money at the bottom line, and it did so this past quarter. Yet its sales are nowhere near back to where they were before the Great Recession,” Cramer said. “If that ever happens, this stock could easily vault 50 percent, maybe even more. You want CAT to come down, and come down now.”

Cramer said UnitedHealth‘s stock has rallied over 20 percent year to date thanks in large part to Congress’ inability to pass health care, making it the Dow’s token “Trump stock,” in Cramer’s eyes.

“If you believe Obamacare’s collapsing like the president, then you’ve got to own this stock,” the “Mad Money” host said. “I, along with just about everyone else I know, want to buy this stock cheaper than it is. Forget about it.”

Riding the wave of a clothing retail comeback, Nike’s stock has seen a 19 percent run so far in 2017, and after a strong quarterly report, Cramer thinks this is just the beginning of its rally.

Wal-Mart’s 17 percent gain makes sense to Cramer, who sees the low-cost retail giant as one of Amazon’s few worthy opponents.

“That’s why its stock’s been among the best performers in the market. The company, under CEO Doug McMillon, has made so many improvements and it’s going to leverage its huge store base to try to defeat Amazon,” Cramer said. “If I’m right, there’s no way this stock will stay this low.”

After reporting a strong quarter with accelerating growth in the cloud and cash generation galore, Microsoft’s stock should have run more than 16 percent for the year, Cramer said.

“Frankly, that’s just not enough after that remarkable quarter,” the “Mad Money” host said. “How is it possible that Microsoft’s stock hasn’t moved up more? That is the real question.”

American Express’ stock is the only one in the top 10 that Cramer hesitated to defend after a moderate, not great, quarter. But having seen the stock run as it has after similar earnings reports, he gave the credit card giant a pass.

“So let me give you the bottom line: on a case by case basis, which is what we do in Cramerica, I think the president’s right — this market’s doing amazing things. Whatever else you might think of Trump, his assessment of this market is accurate, and if you disagree, what can I say? You know nothing!” Cramer said. “I’ll just put it this way. It’s not hard to imagine these stocks going higher. It’s also relatively easy to argue that almost every single one of them is worth owning right here, and certainly on any dip. What more could you ask for?”

Disclosure: Cramer’s charitable trust owns shares of Apple.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagramVine

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Source: Tech CNBC
Cramer checks the rally's merit by inspecting the Dow's top 10 stocks

Comments are closed.