This Day On The Street
Continue to site
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

Cramer's 'Mad Money' Recap: Oct. 16

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

In the daily struggle to figure out what's driving the market, Jim Cramer told viewers of his "Mad Money" TV show Thursday that the fundamentals of the world economy and hedge fund industry are the two forces pushing stocks down.

While the global economic situation is unfolding, Cramer focused on the hedge fund industry as an opportunity in the making. He said hedge-fund selling is occurring at a record pace, with $43 billion in redemptions alone in September.

With that gigantic amount of selling pressure, Cramer said the market is littered with broken stocks, but not necessarily broken companies.

Cramer noted consumer products maker Kimberly Clark (KMB - Get Report) as an example of a broken stock that deserves to be higher.

The company's products are not economically sensitive, but since the company is part of the S&P500, its stock price has plummeted, pushing its dividend yield to very attractive levels.

With Kimberly's stock higher today on an upgrade from Goldman Sachs (GS), Cramer recommended waiting on a pullback before pulling the trigger.

"Never pay the market price, let the stock come to you," he told viewers. He recommended buying incrementally on weakness and taking advantage of the dividend yield while the market is determining its bottom.

Cramer: Know When to Cut Your Losses

One on One With Boone Pickens

In a special interview, Cramer welcomed legendary oil and gas tycoon Boone Pickens to the show to discuss his campaign promoting energy independence for America.

Pickens said he doesn't understand why his plan, which calls for a $1.2 trillion investment to convert 20% of the country's energy supply to wind power and the use of natural gas as a bridge fuel, is not gaining more traction with the presidential candidates. "They just don't get it in Washington," he said.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
CBS $52.75 0.15%
COP $52.24 3.14%
CVS $111.64 1.70%
EJ $6.23 3.66%
GRMN $42.79 1.61%


Chart of I:DJI
DOW 17,630.27 +189.68 1.09%
S&P 500 2,093.25 +25.61 1.24%
NASDAQ 5,089.2060 +49.43 0.98%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs