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: Taking Stock of the Rally

That's why Facebook's weekly chart is so intriguing. Redler noted that the stock has formed the bullish cup and handle pattern, which would indicate a monster rally if it can get above $32.50 a share. Boroden's analysis was similar in nature, noting that the stock's next resistance is at $28.32, followed by $34, and then higher from there.

But Cramer said he's a fundamentalist, which means he doesn't like waiting for stocks to go higher before buying them. He said Facebook has conquered mobile, which was its big stumbling block after its botched IPO. That's why he'd use and weakness to be buying Facebook, then riding it higher to its resistance levels and beyond.

Flying US Airways

When the facts change, Cramer's always willing to change his mind, even if it means recommending an airline. Cramer said his mantra for decades has been "never, ever own an airline," but with a string of mergers and consolidation in the industry, it's now time to recommend US Airways (LCC).

Cramer said that after years of cut-throat competition that made the airlines simply un-investable, a string of mergers has taken away much of that competition, which may be bad news for travelers but is great news for stockholders. There's a new world order, said Cramer, with the top four airlines now set to control 80% of all U.S. flights.

That's why US Airways, which is set to merge with American Airlines when that company emerges from bankruptcy later this year, is worth getting in now, ahead of the deal. Once closed, the new American will be the largest airline in the world, said Cramer, and it will be number one on the East Coast, number one in middle America and number three on the West Coast.

With an estimated $1 billion in cost savings expected from the deal, Cramer said there's a lot to like about this combined behemoth.
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
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
LCC $0.00 0.00%
ASNA $8.77 -3.00%
FB $117.54 -0.87%
AAPL $95.63 2.10%
GOOG $692.23 -0.86%


Chart of I:DJI
DOW 17,662.84 -88.07 -0.50%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs