This Day On The Street
Continue to site
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: Just What the Economy Needed

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

NEW YORK ( TheStreet) -- Re-opening the New York Stock Exchange and Nasdaq may have restarted our financial economy today, but the real economy is about to spring to life as well.

Jim Cramer told "Mad Money" viewers Wednesday the devastation caused by Hurricane Sandy may have been just what our ailing economy needed.

Make no mistake, losing one's home, business or worse is a horrible tragedy, said Cramer, but when it comes to the economy, nothing has the potential to get things moving like a widespread disaster.

Cramer said investors need to step back and look at the big picture: Tens of thousands of insurance policyholders are about to begin rebuilding, an event that will require tens of thousands of contractors buying billions of dollars in materials.

Cramer said with the damage from Sandy estimated between $30 billion and $50 billion, it's no wonder stocks like USG (USG), Whirlpool (WHR) and Sherwin-Williams (SHW) were on the move higher today. In many places in the Northeast there simply won't be enough shovels available to get the work done.

But even bigger than the private sector is the federal government, said Cramer, as roads and other infrastructure needs to be rebuilt. Nothing puts an end to partisan politics and brings politicians together like people in need, as president Obama's visit to New Jersey proved today. Only the government is big enough to get these massive projects underway, Cramer said, and that's precisely what will be happening next.

Good Eaton

In the "Executive Decision" segment, Cramer spoke with Sandy Cutler, chairman and CEO of Eaton (ETN - Get Report), a stock Cramer owns for his charitable trust, Action Alerts PLUS . Shares of Eaton have been trading higher due, in part, to the company's planned acquisition of Cooper Industries (CBE).

Cutler said Eaton is anxious to help those in the Northeast begin rebuilding and expects many of Eaton's electrical products, from transformers and switches to home circuit breakers and surge protectors, will be a part of that rebuilding effort. Eaton currently derives 60% of its revenue from its electrical businesses.
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
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
BNNY $45.97 -0.02%
PVH $95.60 0.00%
ETN $63.27 0.00%
SKT $35.08 0.00%
AAPL $93.74 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs