Cramer's 'Mad Money' Follow-Up: Ford

Stock quotes in this article: F , GS , BK , VZ , MBI , SMG , APC  

On Tuesday's "Mad Money" show, Jim Cramer said that, in spite of what the mainstream media might advise, a day with an intraday pullback is a day for buying stock.

Recently, secondary stock offerings such as Bank of New York Mellon's(BK Quote) and Anadarko's(APC Quote) have been successful. In the case of Bank of New York Mellon, Cramer said that the stress tests strengthen banks. As for Anadarko, the company seeks to improve its balance sheet with the money it earns from its offering.

On Wednesday, Bank of New York lost 48 cents, or 1.7%, to close at $27.95, and Anadarko gave up $2.41, or 5.3%, to close at $43.50.

Ford(F Quote) has an offering coming up, and Cramer recommended getting into the stock below the offering price.

On Wednesday, Ford closed down 5 cents, or 1%, at $4.96.

Cramer spoke with Scotts Miracle-Gro(SMG Quote) Chairman and CEO Jim Hagedorn, who said the company's sales are reaching record levels. Cramer praised the company and said the stock was on its way much higher.

On Wednesday, Scotts Miracle-Gro added $1.29, or 4%, to $33.83.

Cramer was also bullish on Goldman Sachs(GS Quote), which he said he'd buy whether it rose, fell or stayed where it is. He said Goldman's fundamentals are good and improving and is trading at a discount.

On Wednesday, Goldman gave up $6.15, or 4.5%, to $129.26.

In his "Lightning Round" segment, Cramer said he was a believer in Verizon(VZ Quote) and recommended buying the stock.

Verizon slid 65 cents, or 2.1%, to close at $29.75.

He recommended selling MBIA(MBI Quote), however, because he was unsure about the company's earnings.

MBIA gave up 45 cents, or 7.3%, to close at $5.69.

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At the time of publication, Cramer was long Goldman Sachs.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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