Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK (TheStreet) -- We need the world's leaders to wake up and realize the European problem is now a global problem, Jim Cramer told his "Mad Money" viewers Friday after a miserable day on Wall Street. Cramer said the markets have given up their gains for the year so the time to act is now.
Make no mistake, the indecision in Europe will cause a global recession, and no one is immune to this crisis. Cramer said he can't blame investors for wanting to sell everything and sit on the sidelines while the world's troubles play out, but socking money away in U.S. Treasuries is not the smartest move.Cramer said there are still bull markets out there, albeit small ones, and there are still companies immune to Europe's woes. The key is to find them. That's why on Monday Cramer will be watching for news from the American Society of Clinical Oncology conference. He said presentations from Johnson & Johnson (JNJ) and Celgene (CELG) could move the needle for those companies, regardless of the European news of the day. Also on the radar for Monday, Dollar General (DG), a company that may finally be feeling the pressure from Wal-Mart (WMT). Cramer said any weakness in Dollar General would make Wal-Mart a buy. Tuesday brings Ulta Salon (ULTA), a stock that's gained 60% over the past 12 months. Cramer said Ulta remains a favorite. On Wednesday, Cramer said he will watch oil inventories as any stabilization in oil would actually be a good thing for the markets because fears of continued economic slowing would evaporate. On Thursday, Cramer said another retail favorite, Lululemon Athletica (LULU), will report earnings. If Lulu is strong, all of the growth stocks including Starbucks (SBUX), Chipotle Mexican Grill (CMG) and even Apple (AAPL), a stock which Cramer owns for his charitable trust, Action Alerts PLUS, should rally along with it.
Fun With SpeculationSpeculation keeps investing fun, Cramer told viewers, and he highlighted one such stock on what he affectionately called "Speculation Friday." Today's company: Lithia Motors (LAD), an auto dealership chain with 84 locations in 11 western states.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
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.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV