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
TheStreet Open House

Cramer's 'Mad Money' Recap: Transports Finally Join In (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 TheStreet.com.


(Story updated to add Cramer's Lightning Round picks, Am I Diversified segment and closing comments.)

NEW YORK ( TheStreet) -- Sometimes the bulls are just plain smarter than the average bear.

Those were Jim Cramer's sentiments to his "Mad Money" TV show viewers after the Dow was up for the seventh up day in a row. He said simply "the bears just don't have it anymore."

Cramer explained that perhaps the strongest bear case against the markets were the transports, a group that almost always confirms a rally if they too head higher. But in this most recent rally, the transports have been lagging, sending up warning signs for the bears. That was of course, until today.

After losing ground, the transports burst higher today, said Cramer, on the strength of the rail stocks, in particular. He said this group admitted that coal shipments were lower, but also noted that volume in all of their other segments is more than making up for the loss.

Another positive for the markets, the early release of the latest round of bank stress tests. Cramer said the bears were betting against Bank of America (BAC) and in favor of Citigroup (C), only to get the exact opposite results today.

Cramer said he's seeing strength in the markets all around, including in the home improvement stocks like Home Depot (HD), Lowes (LOW) and Tractor Supply (TSCO), with business off the charts so far this month.

Also strong, restaurants like Chipotle Mexican Grill (CMG) and Panera Bread (PNRA).

Cramer was also bullish on heavy equipment makers Cummins (CMI) and Caterpillar (CAT).

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,302.57 +36.58 0.21%
S&P 500 2,013.33 +1.97 0.10%
NASDAQ 4,589.8580 -3.5670 -0.08%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs