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: Cheap Stocks Still Out There

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

NEW YORK ( TheStreet) -- Investors who think there are no cheap stocks left to buy in this red-hot market rally need to think again, Jim Cramer told "Mad Money" viewers Wednesday.

Cramer said that yes, this rally is happening at record speed and defying all the skeptics, but that doesn't mean there's nothing left to buy.

Cramer offered up Starwood Hotels & Resorts (HOT) as one stock worth buying. He said this hotel chain has some of the best brands in the world and could easier split itself into two and unlock a ton of value for shareholders.

KeyCorp (KEY) is another name that caught Cramer's eye. He said this stock, which he owns for his charitable trust, Action Alerts PLUS , has a clean balance sheet and trades at a discount from where it should. Over the past five years this stock had slid 71%, he noted, despite the fact the company is in far better shape now than it was in 2008.

Also making Cramer's list of cheap stocks: AFC Enterprices (AFCE), owner of the Popeye's restaurant chain. Can Popeye's follow the same trajectory as Domino's Pizza (DPZ)? Cramer thinks so.

Two others on Cramer's hot list were American Realty Capital (ARCP), a REIT with a 6.4% yield, and LinnCo (LNCO), which is a holding company for its parent Linn Energy (LINE).

As an honorary mention, Cramer also suggested Celgene (CELG), a biotech all-star that continues to march higher.

Executive Decision: Moshe Gavrielov

In the "Executive Decision" segment, Cramer sat down with Moshe Gavrielov, president and CEO of Xilinx (XLNX), a semiconductor company that's forecasting growth between 8% and 12% this year.

Gavrielov said he's very confident about his company's product portfolio as Xilinx continues to be the leader in communications chips built on the new 28 nanometer platform. He said that as more and more smartphones and tablets enter the market, there is a greater and greater need for communication chips to power them.

When asked if the federal cuts known as the sequester will affect Xilinx' sales to the U.S. government, Gavrielov noted the sequester mainly deals with personnel and not as much with equipment. He said there will still be a need to upgrade older equipment, which will keep sales strong for the company.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,156.85 +24.88 0.15%
S&P 500 2,001.57 +2.59 0.13%
NASDAQ 4,562.1890 +9.43 0.21%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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