Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK ( TheStreet) -- Does the mainstream media dwell on the negatives and ignore the positives? Jim Cramer told "Mad Money" viewers Monday that the answer is a resounding "Yes!"
Cramer said the media almost totally ignored today's news that Standard & Poor's upgraded its outlook for U.S. debt from negative to stable. Yet, this is the same media predicting the demise of America when S&P downgraded U.S. debt to AA+ just over a year ago. The media only care when things are going down, but seemingly ignore any and all good news, noted Cramer.
The same holds true for individual stocks. Cramer said the media haven't had many positive things to say for the past 5,000 points on the Dow Jones Industrial Average.When it comes to Europe, it's more of the same. Things are getting better in Europe, said Cramer, yet the media remain silent on everything from the stabilizing of unemployment in Spain to the recent increase in French industrial production. Earnings have been better than expected in the U.K., Cramer added, which is why Royal Bank of Scotland (RBS) remains one of his speculative picks for 2013. Cramer said it's all to easy to lapse into negativity, but that doesn't mean that things are indeed all negative.
Know Your IPOIn the "Know Your IPO" segment, Cramer highlighted two upcoming IPOs later this week, cosmetics maker Coty and enterprise networking purveyor Gigamon. He reminded viewers that IPOs have been red-hot this year, with the average deal up 17.6% so far this year. Cramer said Gigamon, which will trade under the ticker GIMO, has everything a growth investor seeks, including 55% revenue growth last quarter. The company makes equipment to help large enterprises manage and monitor their networks, ultimately saving them money, a service that's in high demand. Shares are expected to price between $18 and $20 a share, giving the company a $600 million market cap. Cramer said he'd be willing to spend up to $25 a share for Gigamon because he expects this fairly small deal to easily pop between $25 and $29 a share on its initial offering. He cautioned investors to handle the stock with care after its first-day pop, as they'll likely give back much of their gains thereafter.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV