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July 22, 2013  Mon 8:15 AM CT

MSFT: SEE CHART GET CHAIN FIND STRATEGIES
The market is bigger than Microsoft, Google, Intel, and eBay.

This market is about General Electric, Schlumberger, Bank of America, and UnitedHealth. We have so many OTHER ways to win outside tech that we don't want to be blinded by the high-profile disappointments.

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 or national, they can still go higher even after these terrific earnings.

My favorite remains Wells Fargo, which won't get expensive until it's $50. But Bank of America can go back to $16 without much of an effort.

The industrials? Take a look at Eaton if you like what you heard from Honeywell and General Electric and Ingersoll-Rand. That's the analogue.

TheStreet.com logoUnitedHealth and Johnson & Johnson are the best proxies for how well health care's doing, and it is fantastic. These stocks, while expensive now, don't make sense to sell. How are you going to get back in?

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, which I interviewed last night, and Occidental, as well as one that I am shocked isn't higher, Ensco.

Finally there's the commentary from Union Pacific. You think this country's not coming back? Go listen to that call. Autos? Oh my, they are strong. Chemicals--including oil--are amazing. Materials all good. Most terrific, I think, was coal. You need to watch coal. It's not going down.

That's why I like Joy Global, but it is so hated after noted short-seller Jim Chanos talked about how you must bet against the commodity supercycle by betting against Caterpillar. Joy is regarded as CAT without the infrastructure diversity. I think it's just too cheap to avoid.

Disclosures: Cramer's charitable trust is long EBAY, ESV, ETN, GE, HON, JOY, OXY, and WFC.
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