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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer's 'Mad Money' Recap: Europe Can't Keep Stocks Down for Long

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


NEW YORK (TheStreet) -- While Europe never fails to hurt our markets in the short term, U.S. companies nerve fail to impress over the long term.

That's how Jim Cramer saw Monday's trading action. He told "Mad Money" viewers it should come as no surprise that just about everyone hates the Cyprus bailout plan.

Europe once again proves it has no plans for growth, a stance that has yet again managed to ding the overall global economy, he said. This is certainly true with companies that sell into Europe including Caterpillar (CAT) and John Deere (DE).

But then there are the rest of U.S. companies such as Kraft (KFT) and General Mills (GIS), both of which are offering a flight to safety out of the European malaise. Cramer said investors and corporations would be foolish to keep their money in European banks, which is why U.S. banks continue to trend higher.

Cramer said it's hard to ignore the strength in U.S. housing stocks given the affordability and easy availability of credit. It's also hard to ignore many of the master limited partnerships, which continue to increase the size of their dividends. So while Europe may dominate for a few days, it won't be long before U.S. stocks are back in control of the market's direction.

Know Your IPO

In the "Know Your IPO" segment, Cramer offered a look into Pinnacle Foods, which is set to come public this Thursday. Cramer said Pinnacle reminds him a lot of another favorite food company, B&G Foods (BGS), which has made a name for itself by buying forgotten brands and turning them around.

Pinnacle's current brand portfolio currently holds such notable names as Bird's Eye vegetables, Mrs. Paul's fish, Celeste pizza and Lender's bagels, just to name a few. The company was purchased by Blackstone (BX) in 2007 but now Pinnacle is set to offer 29 million shares in a range between $18 and $20.

Cramer said there's a lot to like about this deal because many private equity-backed deals have seen big pops on their first day of late. Pinnacle plans to offer a dividend of 18 cents a share right out of the gate, which would afford it a 3.8% yield. The company also plans to retire a sizable chunk of its high-interest debt with the proceeds of the IPO.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
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 17,086.63 -26.91 -0.16%
S&P 500 1,987.01 +3.48 0.18%
NASDAQ 4,473.6970 +17.6810 0.40%

Brokerage Partners

Rates from Bankrate.com

  • 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