Mad Money Recap
Cramer's 'Mad Money' Recap: The Bear Stearns Fiasco
03/17/08 - 07:44 PM EDT
A long-time supporter of CSX, Cramer first recommended it on Nov. 16, 2007, at $43 a share, then again on Jan. 24 at $46 a share. Both of those recommendations are up, by 18.6% and 9.6%, respectively. Cramer recommended the stock again tonight, citing both the company's strong performance and its $2.4 billion stock repurchase program as strong catalysts in its favor.
Doing Well Even in Real Estate
Cramer also welcomed Peter McCausland, chairman and CEO of Airgas ARG, to the show. McCausland said his company continues to do well and sees no signs of recession. He said the company is doing well even in the residential construction market, which, while down from its highs, is mirroring levels seen in 2006. Cramer touted Airgas as just another example of his "two-economy" thesis, stating that here was another example of a strong company with a safe dividend that's buying back stock. He continued to recommend the stock as a member of the "real" economy.
Lightning Round
In the Lightning Round, Cramer was bullish on Yamana Gold AUY, ConocoPhillips COP, Andersons ANDE, Medco Health MHS, CVS Caremark CVS and Frontline FRO. Cramer was bearish on Interactive Brokers IBKR, Amerisourcebergen ABC, Baidu.com BIDU, Scientific Games SGMS and NYSE Group NYX. 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.Merck and Schering-Plough are due for a bounce-back, Cramer says.
The best way to play Brazil's strong economy is to invest in RIO, Cramer says.
A glut of hogs and high beef prices are boosting Hormel's sales, Cramer says.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
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