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: A Moment in the Sun

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

NEW YORK ( TheStreet) -- The most beaten down of stocks finally got their day in the sun, Jim Cramer said Wednesday. He told "Mad Money" viewers the negativity surrounding many of these companies has been greatly exaggerated.

Exhibit number one: Boeing (BA), a stock Cramer owns for his charitable trust, Action Alerts PLUS . Cramer said that despite the company telling investors it was doing well, investors chose to take their cues from rival Airbus.

This turned out to be a big mistake as Airbus' problems turned out to only be with Airbus while Boeing was able to deliver a huge earnings beat on monster revenue that forced it to raise full-year guidance.

Exhibit number two: Caterpillar (CAT), another stock that had been decimated by the markets, down from a high of $116 a share to just $80. But after the heavy-equipment maker reported less-than-dismal results, shares immediately popped $3. And why shouldn't they? asked Cramer. If things do get better, such as affordable oil prices and a new U.S. highway bill, won't that create positive momentum for Caterpillar?

Whether it was Broadcom (BRCM) in the semiconductor space or Pepsico (PEP) in soft drinks, investors have simply gotten too negative, said Cramer. That sentiment could be seen in stocks from Whole Foods Markets (WFM) to Akamai (AKAM), both of which also reported fantastic quarters.

Cramer said that, yes, there is no room for error in this market, as Apple (AAPL), another Action Alerts PLUS holding, and Buffalo Wild Wings (BWLD) has proven. But that's no reason to discount the entire market.

Wild About Wings

In the first "Executive Decision" segment, Cramer spoke with Sally Smith, president and CEO of Buffalo Wild Wings, a stock that shed 10.7% Wednesday after it reported an earnings miss of six cents a share on light revenue.

Smith said that while 2011 saw chicken wings at some of their lowest prices ever, 2012 has become the exact opposite, with wing prices the highest she's ever seen as a result of U.S. drought conditions. Smith said while she doesn't expect the record high prices to become permanent, there likely won't be any easing in the second half of this year.

1 of 4

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 17,172.68 -107.06 -0.62%
S&P 500 1,994.29 -16.11 -0.80%
NASDAQ 4,527.6890 -52.10 -1.14%

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