This Day On The Street
Continue to site right-arrow
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: Don't Count Manufacturing Out

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

NEW YORK ( TheStreet) -- In a special show taped on location at a Timken Steel (TKR - Get Report) factory in Canton, Ohio, Jim Cramer reminded his "Mad Money" viewers that American manufacturing is alive and well and should be a part of every investor's portfolio.

Cramer said when many people think about technology, they think about stocks like Google (GOOG). But, in fact, technology is all around us and is playing a big part in turning American manufacturing into the low-cost leaders for many different goods, thanks, in part, to low-cost energy made possible by American natural gas. There's something comforting about steel and iron that just cannot be attained from a Web site, Cramer said.

That notion couldn't have been more true today, he noted, as Google announced a surprising earnings shortfall and did so via an accidental release of those earnings that caused the stock to be halted for three hours. Investors were fooled not one but twice by technology, said Cramer, which is why a show that's focusing on American might and muscle seems all the more relevant.

Executive Decision

In the "Executive Decision" segment, Cramer sat down with James Griffith, president and CEO of Timken Steel (TKR - Get Report), the company that was kind enough to host "Mad Money" and provide Cramer with a firsthand account of American technology and manufacturing in action.

Griffith said he views Timken as a technology company, not a steel company. He said for nearly a hundred years the company just made bearings. But about a decade ago, it shifted from a product strategy to a market strategy, a move that resulted in an explosion of new products that now include bearings in NASA's latest Mars rover to the entire transmission assembly for Apache attack helicopters.

Griffith said Timken also builds the bearings that help the landing gear wheels on jet airplanes hit the ground and spin up from zero to 150 mph in a split second. In those cases, he added, failure is not an option.

When asked about China's reputation as a low-cost leader in manufacturing, Griffith said Timken sees China as an opportunity and has invested in that country, a move that allows it to now export $700 million worth of products annually. He said those exports have created 3,500 jobs in the U.S. as a result.

1 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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
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!
AEP $55.90 1.03%
CHK $14.03 -1.34%
SE $36.04 0.17%
TKR $40.80 -0.61%
AAPL $123.25 -0.80%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

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