This Day On The Street
Continue to site
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

Cramer's 'Mad Money' Recap: Next Week's Game Plan

Sandstorm has eight gold streams and three royalties in its portfolio. Five of the mines are producing. Cramer said the mines are located in geopolitically stable areas of Brazil, Canada, Mexico and Nevada.

Cramer said if you buy, wait for a pullback. Gold stock and the whole gold complex are wildly overbought. If you buy, wait five days and use limit orders.

Lightning Round

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

Pitney Bowes (PBI): That yield is so high I'm calling it a red flag. I do not want to own that stock.

Leap Wireless (LEAP): I am not going to buy it. I don't want to be in that business. I'd rather be in Sprint (S).

PDL Biopharma (PDLI): This is a real good speculative stock. I like the group and I'm going to endorse it.

Genworth (GNW): I think the business is just ok. I don't mind buying their insurance, I just don't want to buy their stock.

Clean Fuel Energies (CLNE): I think Clean Energy is just ok. Don't buy.

Cabela's (CAB): We've liked them for some time here. I'm reiterating the buy.

Ford Motor (F): No. Why? Because Europe is not good. I don't want to own Ford. The international business is way too tough.

Mad Mail

In the "Mad Mail" viewer feedback segment, Cramer went back to discuss Corrections Corp. of America (CWX), the largest owner of privatized prisons in the country. The stock has had a massive run, he said, but a lot of that is anticipation of the company converting to a real estate investment trust that gets special tax treatment and returns 90% of its profits to shareholders in the form of dividends.

But first the IRS has to give permission for the conversion. If it doesn't, there could be a decline in the stock. "I would not buy it" at current levels but wait a few months, he advised.

Speaking of a stock that stumped him, he said he needed to do some homework on Splunk (SPLK), a computer services company that helps firms manage their networks more efficiently, before giving an opinion.
3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
SYM TRADE IT LAST %CHG
XLS $0.00 0.00%
AAPL $125.69 -0.25%
CXW $33.84 0.77%
SAND $3.18 -3.50%
FB $87.22 -0.38%

Markets

DOW 17,776.91 +93.33 0.53%
S&P 500 2,081.34 +12.58 0.61%
NASDAQ 4,997.4590 +5.5190 0.11%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs