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Cramer Says The Financial And Healthcare Sectors Might Have Hit Bottom (HUM, XOM, WHR, DOW, RL, CSCO, CLX, MA, WY)

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Cramer Says The Financial And Healthcare Sectors Might Have Hit Bottom HUM, XOM, WHR, DOW, RL, CSCO, CLX, MA, WY

In his "Mad Money" TV show on Friday, Jim Cramer told his viewers that the going has become tough, with markets taking a beating for another day. Jim said that only a few stocks are surviving unscathed and that he would use any improvement in the market to sell stocks. However, it does not mean that the market trends will continue to deteriorate.

According to Cramer, the financial and healthcare stocks have suffered most of the beating and have reached a bottom and will recover sooner than expected as Obama’s serious reforms are not getting any votes. For the remaining sectors, he suggests a “wait and watch” approach.

While Jim will be watching Humana (NYSE: HUM) and Exxon-Mobil (NYSE: XOM) today, his focus will be on Whirlpool (NYSE: WHR) and Dow Chemical (NYSE: DOW) on Tuesday. He intends to watch Polo Ralph Lauren (NYSE: RL) and Cisco Systems (NASDAQ: CSCO) to get a better view on the retail and technology sectors. On the last trading day of the week, we will be vigilant on Clorox (NYSE: CLX), MasterCard (NYSE: MA) and Weyerhaeuser (NYSE: WY) to have a final view of the market.

Posted-In: CNBC CNBCNews Short Ideas Global Analyst Ratings Media Trading Ideas

 

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