Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK (TheStreet) -- "There's still plenty of money to be made in this market," Jim Cramer told his "Mad Money" TV show viewers Tuesday. But that doesn't mean investors should jump into stocks now after the markets have rallied for eight days in a row.
Cramer said that despite the international ugliness and the worries over the Federal Reserve, he's still remains bullish on the longer-term prospects for the markets. But statistically speaking, the markets have only seen winning streaks longer than eight days just five times in the past 12 years. That makes the odds that tomorrow will be another up day, well, unlikely.
There are still a lot of things to love in this market, Cramer continued. Just look at the amazing move in Best Buy (BBY), Sherwin-Williams (SHW) and Boeing (BA) for proof of that. Cramer said he remains bullish on all these names, but investors should simply wait a few days for a better entry point.
Cramer reminded investors to never force a trade or chase a stock higher. "There's no gun to your head," he said. Individual investors are not hedge fund managers who have something to prove on a daily basis.
Executive Decision: Stephen HolmesIn the "Executive Decision" segment, Cramer spoke with Stephen Holmes, chairman and CEO of Wyndham Worldwide (WYN), a hotel operator that's seen a staggering 2,027% gain over the past four years thanks to the company's shares rising from just $2.92 to over $62 now. Holmes said Wyndham has been consistently shareholder-friendly, returning some $3 billion to shareholders over the past six years. He said the company will never sit on its cash. If there isn't an acquisition to be made it will buy back shares or provide dividends as appropriate. Holmes explained Wyndham's strategy of remaining an operator, rather than an owner, of hotels allows it to avoid much of the downside risk as the market ebbs and flows. He said there hasn't been a lot of new hotel supply in recent years but that will be heating up again soon, allowing his company to plant its flag on more properties.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV