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
TheStreet Open House

Cramer's 'Mad Money" Recap: Curb Your Enthusiasm

Cramer said Tibco continues to do well and is at the top of its game.

Know Your IPO

In the "Know Your IPO" segment, Cramer said the initial public offering drought may be coming to an end after the disaster that was Facebook (FB). The IPOs of travel website Kayak and network security purveyor Palo Alto Networks go public next week.

Cramer said the underwriter in both deals is the beleaguered Morgan Stanley (MS), a firm that has no choice but to price these IPOs low enough to ensure a first day spike in price. Morgan Stanley can't afford another miss.

Kayak is a beloved travel website that offers the usual array of deals on airfare and hotels, but has an ad-supported model. Revenue at the company are up 30% year-over-year. Kayak plans to offer 3.5 million shares between $22 and $25 a share. That puts its valuation between 20 and 23 times earnings, inline with its peers.

Palo Alto Networks is a next-generation network security company that plans to come public between $34 and $37 a share, placing its valuation at five times sales.

In both cases, Cramer recommended investors get in on the IPO deal itself and sell those shares on the initial pop. "This is not a tech-friendly environment," Cramer reminded viewers, which is why flipping the shares on the first day of trading is the only move that makes sense.

Lightening Round

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

Teva Pharmaceutical (TEVA): "I like the new CEO but they still only have one really good drug. I don't want to buy it."

Peabody Energy (BTU): "Stay on the sidelines. Coal is in secular decline."

Enterprise Products Partners (EPD): "This is one of the best MLPs out there and I say buy, buy, buy."

Best Buy (BBY): "No, too much money has been lost. I don't think a takeover is going to happen. I remain a seller."

Armour Residential (ARR): "I think they're a safe play and I like them."

Ascena Retail Group (ASNA): "I like this stock very much. I say buy, buy, buy."

Chesapeake Energy (CHK): "I like the preferred shares a lot more than the common. I say buy the preferred and sell the common."

2 of 3

Select the service that is right for you!

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 17,031.14 +43.63 0.26%
S&P 500 1,984.13 -1.41 -0.07%
NASDAQ 4,518.9020 -48.6960 -1.07%

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