This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer's 'Mad Money' Recap: Grant Prideco Primed for Run

Click here for an archive of Cramer's "Mad Money" recaps.


Whether or not the Fed cuts rates on Tuesday, oil and oil service companies should continue to work, Jim Cramer told viewers of his "Mad Money" show Monday.

While stocks in the oil service group have mostly gone up, Cramer provided investors with the "ultimate laggard that is ready to roll" -- Grant Prideco (GRP).

Although its business of selling drill pipes is "phenomenal," Grant Prideco, said Cramer, has been lagging in the group and deserves to go higher now. For anyone who doesn't know much about oil service companies, he pointed out www.schlumberger.com as having the best glossary in the oil service market and urged people to check it out.

Grant Prideco's CEO has been underpromising and overdelivering, Cramer said. At $55 a share, Cramer believes GRP is "a total steal." He compared it to National Oilwell Varco (NOV), but said that while NOV is more of a national machinery company, GRP is more of a consumables company.

Cramer called GRP "the Gillette of oil service," as it manufacturers products that are thrown away.

Israeli Satellite Play

RRSat Global Communications Network (RRST) is a stock that is totally impervious to Chairman Ben Bernanke and the Federal Reserve, Cramer said.

RRST, an Israeli satellite company that provides uplinks for 295 TV shows and 80 radio stations worldwide, could make people some serious money, he said. But first a caution: RRST is a company with a $300 million market capitalization, Cramer warned. It is a small company that is more thinly traded than most of the other stocks he recommends, he said.

He cautioned viewers not to buy the stock right away. "If you buy it now, you'll be sadly disappointed because you'll pay more than you should," Cramer said. Instead, he advised people to buy it next week and to use limit orders when doing so.

RRST, a global content distributor, has the unique ability to transmit content in a single satellite hop, which keeps its costs down, Cramer said. It is because of these low costs that he believes RRST has the ability to maintain its market share and gain more share.

Right now, RRST controls 2% of its market, Cramer said. It's been under the radar since it came public last November, and currently has four analysts covering it, he said. RRST has 40% growth and is a great play on the growth of satellite TV.

That said, it is speculative and shouldn't be bought right away, Cramer stressed.

On a separate note, he recommended market players take some Adobe Systems (ADBE) off the table, as the stock has had a considerable run recently.

He suggested waiting until after the Fed meets to consider buying GRP, but said if people can get it below $55, they should buy it.

The Sporting Cramer

Cramer said he is used to people in the business media criticizing him and usually takes it in stride, but last week he was surprised to see that the journalists who dislike him have transcended business news and gone into sports news.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,947.16 +27.57 0.16%
S&P 500 1,982.05 +0.45 0.02%
NASDAQ 4,524.0050 -3.5090 -0.08%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs