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: Eurocentric Market (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) -- "When we have good European news, we like what we hear from U.S. companies," Jim Cramer told his "Mad Money" TV show viewers Thursday.

But when the European news is bad, the same U.S. earnings are seen in a different light, he continued.

Cramer said that today's rally was wonderful, but did it really make sense? Stocks like Alcoa (AA) got trashed when they reported earnings last week, but now just a few days later shares trade at levels above where it reported. The same earnings are being seen with a completely different prism, he said.

Cramer said despite a slow and muddied Europe, companies like Qualcomm (QCOM) and IBM (IBM) were still both able to report stellar results. And while stocks like Cummins (CMI), a stock which Cramer owns for his charitable trust, Action Alerts PLUS , reported great numbers, no one seemed to care until today.

It's ironic, said Cramer, that a company like PPG (PPG) can offer up such a rosy outlook, based partly on America's new energy boom caused by cheap natural gas, yet even the analysts aren't taking notice. Stocks like Chesapeake Energy (CHK) are up in after hours on their great results, he said, but will likely fall again tomorrow on the next round of bad news.

Cramer said while the interest rate cut in Europe certainly helped, the continent's problems are still far from over. Federal Reserve chairman Ben Bernanke is doing all he can, said Cramer, but the problems we're facing are largely out of his control.
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
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CSCO $27.49 0.00%
INTC $30.28 0.00%
T $38.82 0.00%
SWM $34.39 0.00%
VZ $50.94 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs