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
TheStreet Open House

Cramer's 'Mad Money' Recap: No Day of Reckoning

According to Cramer's math, Dole's remaining fresh foods businesses are worth more than $1.5 billion. After subtracting the company's debt, he came out with a value of $16.21 a share. Those represent modest gains from the company's current share price of $13.91, but Cramer said Dole also has a lot of value tied up in its unused land assets around the world. Factoring in those assets, he values the sum of Dole's parts at upwards of $21 share.

Cramer said he's not expecting Dole shares to hit that target overnight, but added that now is the time to start a position since the company is finally beginning to get its house in order.

Executive Decision

In the "Executive Decision" segment, Cramer once again spoke with Marc Benioff, chairman and CEO of Salesforce.com (CRM). Benioff just kicked off the opening day for his company's Dreamforce developer's conference, which this year features over 90,000 attending.

Benioff touted Salesforce's new marketing cloud products as the next big thing in cloud computing. He said that just as his company brought sales and customer service organizations into the cloud, it's now ready to do the same thing for marketing departments.

Benioff said that in today's marketplace, marketing departments need to spend almost as much on technology as IT departments do since connecting to your customer has never been such a high priority. Salesforce allows companies to connect with customers in a whole new way, he said, and is the only company delivering such integrated solutions.

Salesforce.com is now the fastest-growing enterprise software company, with 37% growth in its most recent quarter. Cramer said that Salesforce remains a great story.

Lightning Round

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

Alexion Pharmaceuticals (ALXN): "This has been a favorite and a high flier. You can't like it as much as you did when it was lower, but I still like it."

Morgan Stanley (MS): "I'm not crazy about the investment banking business. I'd rather own a plain-vanilla bank."

Vale (VALE): "I like it. I bought some for my trust. China is starting to show signs of turning."

2 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 16,766.40 +88.50 0.53%
S&P 500 1,959.40 +8.58 0.44%
NASDAQ 4,468.81 +16.0180 0.36%

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