Cramer's 'Mad Money' Recap: A New Swing on Graphite
Click here for an archive of Cramer's "Mad Money" recaps.
Jim Cramer told viewers of his "Mad Money" TV show Friday that he's on fire when it comes to the composite materials.
Banking on Brazilian Build"Just like many people did in the late '40s, we're going from Germany, where I recommended SGL, to Latin America," Cramer said. But he said to look at Brazil rather than Argentina, and he likes Banco Itau (ITU). The bank just bought back Bank of America's (BAC) Brazilian business, making it the No. 1 bank in the country. He said it's time to think about buying the stock because we are in the midst of "the great Latin American bull market ... the most improbable bull market in the world." When U.S. interest rates go up, we're supposed to get a cold and Latin America is supposed to get pneumonia, he said. And when governments are unstable anywhere on the continent, all the Latin American stocks should go down. But Brazil has boomed despite months of rate hikes in the U.S. He pointed out that Brazil is lowering its rates and is energy self-sufficient, both good reasons for it to grow. He likes Banco Itau because it is involved in wealth management and credit cards. "A few years ago, Brazil had neither wealth nor credit cards," he said. But now the country is on fire, and it has a lot of both.
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