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: Don't Let Politics Get You Down

Cramer said that Ascena remains a terrific story. The company maintains a stable of diversified stores including Justice for teens and tweens, Maurice's for women in the 20s, Dress Barn for middle aged shoppers and the company's recent acquisition of Charming Shoppes gave it Lane Bryant and others to tackle the plus-sized market.

Cramer said that Ascena's diversification of its brands is perhaps its largest strength, as each concept has little to do with the others. Yet all of Ascena's stores focus on customer service and relationships, something that never goes out of style.

Trading at just 11 times earning with a 15% long-term growth rate, Cramer said Ascena remains one of his favorite value-oriented retail stocks and he would be a buyer going into the holiday season.

Improvement in China

There are three things weighing on our markets, Cramer told viewers: Europe, the U.S. fiscal cliff and a slowing China. But at least one of those things is starting to improve, he said, as recent macro and micro-economic data have shown, the Chinese economy may have bottomed.

On the macro side, Cramer said there's been a slew of data showing China is improving. Chinese exports are at a five-month high, he noted, which still makes their economy far from great but certainly better than most people think.

He said the Chinese have only cut interest rates twice, leaving lots of room for further action. But more importantly, China has been directly injecting cash to stimulate growth, a plan that's now working as the country's retail sales, purchasing manager's survey and even iron ore prices are starting to climb.

There's also positive news from individual companies, Cramer said, as Caterpillar (CAT), Eaton (ETN) and Alcoa (AA) have all signaled that 2013 is looking better than 2012.
2 of 3

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
ASNA $16.60 0.61%
CELG $119.73 0.18%
GILD $115.50 0.40%
PCP $195.61 -1.70%
SHW $278.88 0.44%

Markets

DOW 17,669.88 -60.23 -0.34%
S&P 500 2,066.91 -9.87 -0.48%
NASDAQ 4,990.2650 -18.9490 -0.38%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs