This Day On The Street
Continue to site
ADVERTISEMENT
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: Monster Rally Reality Check (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.


NEW YORK ( TheStreet) -- Get used to stocks trading on growth, Jim Cramer told his "Mad Money" TV show viewers Tuesday. Growth generates earnings and earnings makes stocks trade higher, said Cramer, it's just that simple.

Cramer discounted the plethora of bogus analysis done by market pundits to explain a rising market. He called the notions of "risk on, risk off" and "pin the tail on the Fed" utter nonsense that results from lazy analysts failing to do their homework.

Yes, Europe has been and will likely continue to be a factor for U.S. markets, said Cramer, but with strong fundamentals and a tailwind from the Chinese economy, the U.S. is strong enough to take on just about anything Europe can dish out. Add to that India, which surprised the world by cutting interest rates earlier today, and it's no wonder U.S. stocks were off to the races once again today.

Cramer said whether its retail, technology or aerospace, things are simply better in America and the markets are just reflecting that fact.

Executive Decision

In the "Executive Decision" segment, Cramer once again sat down with Charif Souki, chairman and CEO of Cheniere Energy (LNG - Get Report), who just today received government approval to begin construction of a natural gas export terminal in Louisiana. Shares on Cheniere are up 115% since Cramer first spoke with Souki in June 2010.

Souki said the next step for Cheinere, now that final approval has been given, will be to secure the $4 billion needed to build the facility and begin working on phase one of the project. That financing should be completed soon, said Souki, and Cheniere will be putting some 3,000 to 4,000 people to work shortly thereafter.

When asked about the market dynamics around the globe for natural gas, Souki explained that in many parts of the world, oil is being used for power generation. "That makes no sense," Souki explained, which is why the market potential for natural gas is so enormous. He said the original deal for Cheniere's facility was calculated with $4 natural gas, but today prices fell to $1.95, making the project even more of a windfall.

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
Submit an article to us!
SYM TRADE IT LAST %CHG
AAPL $128.95 0.00%
BRK.B $143.36 0.00%
LNG $77.84 0.00%
WM $50.09 0.00%
FB $78.99 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs