On Monday's "Mad Money" show, Jim Cramer made the case that "this is not a bear market rally." As evidence, he said the Nasdaq was up 17% from its lows.
Apple(AAPL Quote) was up 69% year-to-date, he said, even before it announced its new iPhone on Monday. On Tuesday, Apple closed down $1.13 to $142.72. Google(GOOG Quote) was up 43% for the year, he said, benefiting from an increase in advertising market share. On Tuesday, Google lost $3.15 to close at $435.62. Action Alerts PLUS name Cisco(CSCO Quote) was up 28% for the year. On Tuesday, Cisco added 21 cents, or 1.1%, to close at $20.08. For a speculative tech play, Cramer offered up ADC Telecomm(ADCT Quote), which makes network infrastructure equipment. Cramer likes the stock as a play on increased demand in the U.S. and strength from China. On Tuesday, ADC closed up 55 cents, or 7%, at $8.39. Regions Financial(RF Quote) CEO C. Dowd Ritter earned a spot on Cramer's Wall of Shame list of the worst CEOs due to the stock's 89% fall since Ritter became CEO. On Tuesday, Regions lost a penny to close at $4.06. In his "Lightning Round" segment, Cramer said that Nordic American Tanker(NAT Quote) is his "favorite way to play the oil-tanker market." On Tuesday, NAT gained $1.01, or 3.1%, to $33.62. He also said he "should be recommending" Otter Tail(OTTR Quote) because it's a "great wind play." On Tuesday, Otter Tail closed up 6 cents at $20.22.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
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