This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer's 'Mad Money' Recap: Europe's Problems a Global Problem

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 Speculation

Speculation 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.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!

Markets

DOW 17,853.51 +75.36 0.42%
S&P 500 2,074.47 +13.24 0.64%
NASDAQ 4,774.2150 +25.8190 0.54%

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