Cramer's 'Mad Money' Recap: GE a Good Thing for Stocks
Click here for an archive of Jim's Mad Money Recaps.
General Electric's (GE) solid second-quarter results bode well for the rest of the market, Jim Cramer told viewers Friday night on his "Mad Money" show.
Though he couldn't tell his CNBC viewers what to do specifically with General Electric -- because Cramer works at CNBC, which is owned by General Electric -- he did give his audience plenty of other names that could benefit from GE's strength.GE Energy's solid results bode well for Calpine (CPN) and Dynegy (DYN), Cramer said. GE Transportation? That's good for Trinity Industries (TRN). But what about the fact that transportation and energy stocks shouldn't both do well at the same time? The textbooks, Cramer said, say that both should not work at the same time. But forget what the textbooks say. They're both working in this environment. GE's plastics business? Buy Dow Chemical (DOW). The company to own because of GE Financial's results? CIT Group (CIT). GE Aviation? Own Boeing (BA). GE Health? Varian Medical Systems (VAR), even though the company competes head-on with General Electric. Cramer thinks that business is so good that everyone can win. Doing a little housecleaning, Jim Cramer got back to Symbol Technologies (SBL), which he recommended buying on Wednesday. On Thursday after the bell, however, the company warned that business isn't doing so well. As a result, it lowered its financial guidance. The stock fell almost 11% on Friday. But Cramer
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