This Day On The Street
Continue to site right-arrow
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: Beware 'Treacherous' Contrarians

Cramer agreed that Joy Global is far from a cyclical company and investors are simply overreacting to the fears in Europe. He said for investors that can weather the short-term, the time to start buying Joy Global is now.

Lightning Round

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

Chesapeake Energy (CHK): "Why would I want to own Chesapeake when Devon Energy (DVN) has better assets? I don't want to own Chesapeake."

Avnet (AVT): "Cheap, cheap, cheap, cheap. It has Europe and semiconductors so people hate it, but I think that's a great story."

Dr Pepper Snapple (DPS): "I think that's a terrific stock to own here. They generate a lot of cash. I say buy, buy, buy."

Nabors Industries (NBR): "No, no. This has been a terrible performer. "

Vertex Pharmaceuticals (VRTX): "I want to be hopeful, but the latest data did not give us as much hope as we wanted. "

Red Hat (RHT): "I think they tell a good story. People get nervous and they keep selling it, so be careful. But I like it."

Walter Industries (WLT): "There's too much takeover fluff in there. I don't want to touch it."

SeaDrill Limited (SDRL): "I don't really care for this stock. I like Ensco International (ESV)."

Emerson Electric (EMR): "This is a terrific company but the industrials are hated. I'd buy it at a 4% yield."

Am I Diversified?

In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets. The first portfolio included: Johnson & Johnson (JNJ), ConEd (ED), Walt Disney (DIS), Randgold Resources (GOLD) and Joy Global.

Cramer said that Randgold is gold and Joy Global is mining, so he'd bless this portfolio.

The second portfolio's top holdings included: Exxon Mobil (XOM), Boeing (BA), United Technologies (UTX), Royal Dutch Shell (RDS.B) and BP (BP).

Cramer said he'd get rid of Exxon and BP and add a health-care and a utility stock like Johnson & Johnson and ConEd.

The third portfolio had: Apple, Newcastle (NCT), Kodiak Oil & Gas (KOG), AT&T (T) and Netflix (NFLX) as its top five stocks.

Cramer said this portfolio was properly diversified.

Shame on J.P. Morgan

Did J.P. Morgan Chase (JPM) CEO Jamie Dimon do well testifying in front of Congress today? Cramer's answer, who cares!

Cramer said it doesn't matter whether Dimon did well or not. He and his firm were wrong when they walked into the hearing room and were just as wrong when they walked out. The real issue, said Cramer, is J.P. Morgan was betting against the interests of its clients.

3 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!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • 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