CNBC’s "Mad Money" host Jim Cramer says that there are eight new bull markets that are emerging, which investors need to know about now.
“Sectors that have been left for dead are rising from the grave: media, cable, commercial real estate, housing, the regional banks, the drug stocks,” said Cramer.
He said that autos and biotech are also among the “groups the bears told us needed to be put out of their misery in 2010.”
For media companies, Time Warner and News Corp. have reported “two of the best numbers seen during this earnings period,” says Cramer.
“The sector is starting to get bullish.”
As for cable stocks, Comcast’s numbers were, in Cramer’s view, “amazing” as business spending is “speeding up.”
Verizon and DirectTV are also “doing just fine,” he says.
Even commercial real estate has promising prospects, Cramer says.
Commercial real estate investment trust managers claim that they have raised a lot of equity, but haven’t made a lot of deals yet.
What is more, the housing sector is turning around, thanks to Florida, Nevada, California and New York, where home sales are producing “impressive returns,” he says.
Cramer thinks the industry may make its way back to a boom level soon.
The auto sector’s star is Ford Motor, whose shares are “going still higher.”
With Wall Street reform “dead in the water,” investment banks like Goldman Sachs and JP Morgan Chase are “on the move.”
Earnings at regional banks were “the best of the period” at Huntington Bancshares, Fifth Third Bancorp, Marshall & Ilsley and PNC Financial Services Group, Cramer says.
Lastly, drug stocks are back since the special election in Massachusetts put an end to the Democratic dominance of Congress, and derailed healthcare reform.
“Biotech is on fire,” Cramer said, adding that it’s the “best-performing stock group of the year.”
Not everyone agrees with this take, though.
Alan Abelson in Barron’s writes that a “day trading mentality” has taken over, and investors go hot and cold on stocks, weekly.
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