NEW YORK (TheStreet) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- financials vs. tech; and
- disruption in tech.
Click here for information on RealMoney, where you can see all the blogs, including Jim Cramer's -- and reader comments -- in real time.
The Market Is Bigger than Tech
Posted at 12:48 a.m. EDT on Friday, July 19
The market is bigger than Microsoft
This market is about General Electric
Remember, financials are almost as big as tech in the S&P 500 and that's fabulous news for the market. I am dazzled by literally every single bank and broker. Regional, national whatever and they are, even after these terrific earnings they can still go higher. My favorite remains Wells Fargo
The industrials? Take a look at Eaton
UnitedHealth and Johnson & Johnson
Then how about that Schlumberger? International drilling is finally being spurred by the inexorable price of oil. I think that bodes well for tons of companies including BP
Finally there's the commentary from Union Pacific
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long EBAY, ESV, ETN, GE, HON, JOY, OXY and WFC.
Competition Is Bruising Tech Companies
Posted at 6:44 p.m. EDT on Thursday, July 18
Maybe there's just too much competition, too much disruption -- even for the disrupters -- and too little worldwide growth for tech to thrive right now?
That's how I feel after interviewing Bill McDermott, the co-CEO of SAP
I think this competitive thesis doesn't get talked about enough. If you go on the conference calls of SAP and Oracle
We know that Intel
Meanwhile, what's winning this market? Companies that have little competition, such as the healthcare maintenance organizations. UnitedHealth Group
Yep, when companies compete, I mean really compete, like they do in cellphones and tablets and personal computers, it can be brutal out there. And the brutality can hurt the best, as we found out with Apple
Strength in the worldwide economy can mask the problems that stem from competition for those that do compete globally, but not in this environment, where Europe, Asia and Latin America are weak and can't be counted on for upside. Yep, competition is the common thread of the losers, without the economy to bail them out. Things can change -- new innovations, improving economies. But for the moment, the competition has gotten the better of the tech companies that have reported so far.
At the time of publication, Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long AAPL.
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