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: Stick With Growth (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) -- Don't fear good economic data, embrace it. Those were Jim Cramer's words to the viewers of his "Mad Money" TV show Wednesday, as he urged them to not be consumed by economic data and instead focus on what matters, earnings.

Cramer said that any pundit who attributed today's stock market rally to words coming out of the Federal Reserve or some other economic factors are simply wrong. Moreover, sentiments like that are both confusing and harmful to many investors. The theory that "if things are bad, the Federal Reserve will swoop in to save us" just doesn't make any sense, Cramer continued. Investors should be investing, he said, and that means investing in the future earnings of great companies.

What the U.S. economy really needs is not low interest rates, it's jobs, said Cramer. Jobs creates spending, he said, which in turn drives home sales, auto sales, consumer lending and so much more. And all of that spending translates into earnings, which then drives stocks higher.

That's why Cramer continued to pound the table on great growth names like Apple (AAPL - Get Report) and IBM (IBM - Get Report), two stocks which he owns for his charitable trust, Action Alerts PLUS , along with countless others that have been telling investors that things are getting better on their conference calls.

Upon Further Review

In the "Upon Further Review" segment, Cramer took a closer look at the earnings of eBay (EBAY - Get Report), which last week delivered a 4-cent-a-share earnings beat on better-than-expected revenue and raised full-year guidance to boot. That news sent shares rocketing up 13%, but Cramer said the stock should be a whole lot higher.

Cramer explained that what got lost in eBay's earnings is its vision for PayPal, its online payments solution. PayPal now sports more user accounts that either Visa (V - Get Report) or MasterCard (MA - Get Report) and is already the default way to pay online without relinquishing sensitive credit card information.

But PayPal's plans for the future go far beyond online shopping. The company is betting big on mobile payments, which it expects to top $7 billion this year, up from $4 billion last year. PayPal is also testing its first point-of-sale terminals at Home Depot (HD), which allows customers to pay using just their mobile phone number with a PIN.
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
AAPL $119.12 1.10%
EBAY $29.50 1.40%
IBM $139.81 0.98%
MA $98.22 -0.46%
V $79.54 -0.38%


Chart of I:DJI
DOW 17,785.47 -13.02 -0.07%
S&P 500 2,089.12 -0.99 -0.05%
NASDAQ 5,119.1310 -8.3940 -0.16%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs