Cramer's 'Mad Money' Recap: Snow White and the Markets
Cramer said Intuitive Surgical beat its numbers fair and square, and when a company beats every metric Wall Street is looking for, that's a company he wants to invest in.
Going Strong
Jim welcomed Michael McCallister, CEO of longtime Cramer favorite Humana (HUM) to the show for details on the company's most recent earnings.
McCallister said Humana, one of the largest players in the Medicare market, is taking full advantage of the changing demographics in the US. He noted the company reported a 69% jump in earnings in the past quarter and raised its guidance for 2008.
He said the company plans to grow through focused acquisitions and is not opposed to buying back shares if it's in the best interest of its shareholders.
Asked about the upcoming election, McCallister said just about any Medicare reform plan will benefit providers such as Humana. Cramer told investors to buy Humana on any weakness.
The Lightning Round
Cramer was bullish on American Eagle Outfitters (AEO), ValueClick (VCLK), Wachovia (WB), Sierra Wireless (SWIR), Skyworks Solutions (SWKS), Terex (TEX), Walt Disney (DIS), Wellpoint (WLP) and Humana (HUM). Cramer was bearish on Aqua America (WTR), Time Warner (TWX), Isle of Capri Casinos (ISLE) and Cerner (CERN). Want more Cramer? Check out Jim's rules and commandments for investing by clicking here. For more of Cramer's insights during the Lightning Round, click here.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim 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 FREENew! $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 FREEDavid 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 FREEJim 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 FREEAll 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 + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur 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