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: Don't Ignore the Fundamentals (Final)

Search Jim Cramer's Mad Money trading recommendations using our exclusive Mad Money Stock Screener and watch Jim Cramer's Mad Money Post Game video exclusively on

NEW YORK ( TheStreet) -- "This is a crazy, ridiculous time in the markets," Jim Cramer told the viewers of his "Mad Money" TV show Thursday.

He said it's a time where the fundamentals of individual companies don't seem to matter, and stock prices trade on the whims of China, Greece and the price of oil,

For a company like Apple (AAPL), a stock which Cramer owns for his charitable trust, Action Alerts PLUS , Cramer said it makes no sense that the stock rallied today, on positive market news, and not over the last few days, when there was plenty of Apple news.

Cramer said the markets ignored stories of how Apple may sell TV shows on iTunes for just 99 cents, how the company now commands 25% of the smartphone market, and how Apple and its growing base of high profile stores have made it the fifth largest electronics retailer in the country. Instead, the stock languished. But today, on a rally in copper and positive news from Greece, Apple soared, he said.

Cramer said Apple is not a cyclical stock, and doesn't need worldwide growth to prosper. He said investors should have been using the down days to buy Apple, on the hopes that the company's fundamentals will once again matter.

Cramer said he believes the U.S. economy is growing, and by years' end will be creating jobs, albeit slowly. He said it's silly that all stocks, regardless of their fundamentals, are trading in lock step with global economic news. Apple, he said, has fabulous fundamentals, and deserves to be going up. So when the markets aren't paying attention, investors need to be buying.

1 of 3

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
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SFD $0.00 0.00%
WFT $13.74 0.00%
BKH $50.14 0.00%
BBY $36.46 0.00%
COP $67.69 0.00%


DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs