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: Some Rays of Hope

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

NEW YORK ( TheStreet) -- Be gloomy, be critical and be angry, Jim Cramer told "Mad Money" viewers Wednesday -- just realize the stock market is "giving it all she's got," as Star Trek's Scotty would say.

It's easy to be negative on the markets, especially with our warring parties in Washington continuing the worst standoff since 1860 before the Civil War. Our politicians won't even agree to fix the problem before taking their winter vacations, said Cramer, let alone agree on any portion of a solution.

But while the markets have their eyes trained on Washington, Cramer said individual companies such as Starbucks (SBUX - Get Report) are telling a different story one of growth and prosperity. He said Starbucks' analyst day had only positive things to say, including no deceleration in China.

Then there's Apple (AAPL - Get Report), a stock Cramer owns for his charitable trust, Action Alerts PLUS . Cramer said while the market pundits cited dozens of reasons for this stock's decline, there is indeed only one: capital gains taxes.

Cramer said it's reasonable to think capital gains taxes are headed higher on Jan. 1, so wouldn't it be reasonable for investors to take profits in one of the biggest gainers of all time? He said if you divide Apple's stock price by 10, you have a $57 stock falling to $53 today, and that's not all that scary when you put it into perspective.

Cramer also commented on Citigroup (C) announcing 11,000 layoffs Wednesday. He said this company's new management team is taking some tough medicine but it's needed for Citigroup to prosper, which it is starting to once again. Even Bank of America (BAC) is trading over $10 a share, Cramer added, so all can't be lost.

Executive Decision

In the "Executive Decision" segment, Cramer spoke with Drew Alexander, president and CEO of Weingarten Realty Investors (WRI - Get Report), a real estate investment trust with 301 properties in 12 states and a 4.28% dividend yield.

Alexander was upbeat on his company's business model, which focuses on supermarket-anchored shopping centers in metropolitan areas. He said these centers bring in people on a regular basis and are the most recession-resistant opportunities out there. Weingarten has both tenant diversify and geographic diversity to help it succeed.
1 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
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
AAPL $93.74 0.00%
FCX $14.00 0.00%
KSU $94.75 0.00%
SBUX $56.23 0.00%
WRI $36.92 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