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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Cramer's 'Mad Money' Recap: A Tale of Two Markets

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.


NEW YORK ( TheStreet) -- It's a tale of two markets, Jim Cramer told "Mad Money" viewers. Thursday was the sixth straight down day for the market.

There are things to like and things to avoid in this market, said Cramer, but don't think that's it's all bad, that would just be foolish.

Cramer said there are still winners in this market, money can still be made. He said the utilities are doing well, as are the REITs, telcos and some retailers. Stocks such as AT&T (T), Verizon (VZ), Target (TGT) and Wal-Mart (WMT) are not hard to find.

Food stocks, drug stocks and even tobacco are still good investments, added Cramer. Both Merck (MRK) and Johnson & Johnson (JNJ) have been standout performers as of late. Cramer was also a fan of Starbucks (SBUX) and Dunkin Brands (DNKN).

But there's also a lot not to like about the markets. The industrials continue to plummet and falling oil prices are taking the oil and gas stocks along with it. Computer sales are sluggish and luxury shopping is coming to an abrupt halt. And stocks like Cummins (CMI) and Caterpillar (CAT) remind us daily of how a slowing Europe is affecting the machinery and infrastructure stocks.

Cramer said if the banks reveal the need for credit is still slowing, that would also be bearish for employment growth, and would in turn send the markets still lower. But that doesn't negate the fact that there are still plenty of things going right in the markets. Cramer said investors need to remain vigilant and keep their focus on what's going right.

Time to Buy Duke Energy

What should investors do with Duke Energy (DUK) after the CEO shakeup of last week? According to Cramer, it's time to buy, buy, buy.

Cramer said that he's outraged at the last-minute maneuvering that gave Progress Energy CEO William Johnson the boot and turned control of the new company back to Duke CEO Jim Rogers. Was there a corporate hijack? Were shareholders misled? Cramer said there needs to be investigations to answer these questions.

But despite the corporate scandal in the boardroom, Cramer said the fact remains that utilities practically run themselves and the combined Duke and Progress Energy will yield 5% to 7% in cost savings. Cramer reminded viewers that Rogers has delivered an 88% return since taking the helm at Duke, so he clearly knows what he's doing.

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!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

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