Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
He was responding to ferocious criticism regarding Tuesday's recommendation to take profits in Arena Pharmaceuticals (ARNA).Cramer said emotions are ruling the day in today's markets and that goes against everything he's taught on "Mad Money." Stocks are only pieces of paper linked to companies, he reminded viewers, and are not worthy of any affection. Good investors are always skeptical and must always challenge their reasons for owning a stock. Just as Cramer always says that "no one ever made a dime panicking," he also preaches the opposite, that "no one ever got hurt taking a profit." Stocks are still part of the overall market, which means even if they're terrific they can still go down. The holy grail of investing, said Cramer, is taking profits and playing with the house's money, a proposition where you simply can't lose. "Diversification and dividends are your only friends," Cramer concluded, as gains in a market like this one are getting harder and harder to come by.
Executive DecisionIn the "Executive Decision" segment, Cramer once again spoke with Vivek Ranadive, chairman and CEO of Tibco Software (TIBX), the data analysis company that's helping retailers and enterprise make real-time sense of their "big data." Ranadive said that while it may be a slow slog for most of technology it's "the best of times" at Tibco. He said that even in ailing Europe business is up 20% and the company is making big inroads into banks, sports retailers and drug companies across the continent. According to Ranadive, Tibco software is a "must have" for business. Ranadive explained that Tibco helps companies manage their social network, their customers. The company's real-time analysis software allows customers to capture, expand, engage and monetize their customers in ways never seen before. Loyalty programs are one hot area for Tibco where it manages the purchase history for 260 million customers, allowing companies to up-sell and cross-sell while customers are still shopping. In short, Tibco helps make customers happy, said Ranadive.
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
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
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
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