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: A Rumor-Driven Market

Both of these companies are regional to national expansion stories, said Cramer. Both have long runways of growth ahead of them. Both have successfully made secondary offerings of stock, right under everyone's noses.

Cramer said Dollar General has done four secondaries recently, while Dunkin has done two in the past year. All of these deals were highly visible, he noted, and easily accessible to the individual investor.

Deals like these are exactly the ones investors need to be paying attention to, said Cramer, and the problems in Europe is no excuse for missing them.

Off the Charts

In the "Off The Charts" segment, Cramer took a step back to see the bigger picture of the markets and take a technical look with the help of his colleague Carolyn Boroden.

Using a weekly chart of the Standard & Poor's 500 index, Boroden's research called a bottom in the markets between 1,259 and 1,269, just 4% below where the markets closed today. Using "measured move" analysis, which compares the relative sizes of market moves to the upside and downside, Boroden noted that recently the S&P has been moving in $155 increments, which puts the market's bottom precisely in her target range.

This theory was also confirmed using a number of Fibonacci ratios and applying them to the S&P's daily chart. Using both time and price relationships, Boroden predicted last week that a change in the market's direction was due, a move which has started to occur.

While Boroden sees only 4% of downside for the markets, her analysis found the S&P could rise as high as 1,464, a full 11% move from today's levels.

Cramer emphasized that the markets are still being held hostage by Europe, which makes this a stockpicker's market, not a market for technicians like Boroden. However, while the markets wait for a European resolution, Cramer said it's helpful to look at the charts to get a sense of direction and perspective, something Boroden's research does very well.

Lightning Round

Here's what Cramer had to say about caller's stocks during the "Lightning Round":

Banco Santander (STD): "It's a good bank but I'm not going there. It's not worth it."

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,113.54 +61.81 0.36%
S&P 500 1,983.53 +9.90 0.50%
NASDAQ 4,456.0160 +31.3120 0.71%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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