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: 7 Stocks to Scoop Up When On Sale

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.

NEW YORK ( TheStreet) -- When fear abounds, investors need to have the guts to do nothing, Jim Cramer told his "Mad Money" TV show viewers Wednesday. Cramer said that if they really want to sell, they should take a deep breath and wait, but even more prudent would be to do a little buying.

Cramer explained that it's only natural to want to sell when the rest of the market is panicking. But selling into a panic is often the worst time to sell. The market will always provide you with a better price to get out, Cramer added, which is why investors should prepare before a selloff happens so they'll be ready when it does.

Cramer recalled the seven great American growth stocks he featured in April, stocks that included Apple (AAPL - Get Report), a stock which he owns for his charitable trust, Action Alerts PLUS , along with Starbucks (SBUX - Get Report), Chipotle Mexican Grill (CMG - Get Report), Ross Stores (ROST - Get Report), Allergan (AGN - Get Report), Celgene (CELG) and Lululemon Athletica (LULU). All of these names, he said, are the perfect stocks to revisit after this week's market pullback.

In all seven cases, Cramer said that these companies have superior growth, excellent management and long-term trends that transcend the market's short-term volatility. And while the troubles in Europe cannot be ignored completely, the smart move would be to wait for the markets to take these great names lower and scoop them up while they're on sale.

Executive Decision

In the "Executive Decision" segment, Cramer sat down with Jim Hagedorn, chairman and CEO of Scotts Miracle-Gro (SMG), a stock that was hammered down 16% in Tuesday's trading after the company delivered a mixed quarter with a 9-cent-a-share earnings beat on lighter-than-expected revenue. Scotts currently yields 2.55%.

Hagedorn explained his stock's precipitous decline as a case of the analysts getting way ahead of where the Scotts management forecast they would be. He said the company is meeting all of its internal expectations and is growing sales and taking share, but it simply couldn't meet the inflated expectations that the analysts had cooked up.

Hagedorn said the lawn and garden business is not for the faint of heart because when it's good, it's "awesomely good," with explosive growth in the spring and summer months. Even with the best supply chain in the business, Scotts is still stressed to its limits as warmer weather approaches, he noted. Hagedorn suggested that investors look at yearly trends and not try and chase expectations on a quarterly basis.
1 of 4

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 $117.29 -0.85%
AGN $321.94 2.60%
CMG $580.88 0.23%
SBUX $61.36 -0.05%
ROST $53.09 2.10%


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs