Cramer’s First 1/3 of Bottoming Stocks

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By Douglas A. McIntyre Published
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On tonight’s MAD MONEY on CNBC, Jim Cramer said the market escaped a bad day but the damage has been done.  Cramer thinks you can go bottom fishing after a very big drop, so he focuses on the most discounted stocks and you have to have plan knowing not everything bottoms at the same time. 

The first 1/3 that bottomed is what you find in the supermarkets and inside the medicine cabinets and those rallied and can still be bought: 

P&G (PG) can go up another point; others you can buy are Colgate (CL), Clorox (CLX), General Mills (GIS), Heinz (HNZ).  But Altria (MO) excites him the most with a recession proof business and a 4% yield plus the coming break-up.  Cramer thinks the rules of the past have changed and you can’t buy Pfizer (PFE) or Eli Lilly (LLY) because they have risk; he thinks you can buy some biotech like Celgene (CELG) and Gilead (GILD) regardless of a slowdown.

Jon C. Ogg
February 28, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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