This Day On The Street
Continue to site
ADVERTISEMENT
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: A Rally With Some Fizz

Cramer said he agrees with Garner's analysis, and felt that a large hedge fund received a margin call last week, forcing the huge drop in prices seen. He said once the sharks begin circling a failing fund the selling will only intensify, forcing the fallen comrade to liquidate everything.

As for the future of gold prices, Cramer said a similar short squeeze and subsequent 17% rally took place last summer, and the pattern is likely to repeat itself again this summer. He continued to recommend that gold be a part of every investors' portfolio.

Know Your IPO

In the "Know Your IPO" segment, Cramer took a look at four upcoming IPOs to see which ones should get investors excited.

Cramer started off with Seaworld, which is set to come public under the ticker "SEAS" for between $22 an $24 a share. That puts this operator of 11 theme parks on par with the likes of Six Flags (SIX) and Cedar Fair (FUN), but with a few notable exceptions.

Cramer said that Seaworld is growing revenue faster than its peers, which is good, but it also has a smaller dividend, at 3%, and more debt. Cramer said investors can either buy into the Seaworld IPO or just buy Cedar Fair with its 6% yield.

Next up were two grocery-related IPOs. Safeway (SWY) will be spinning off its gift card division under the ticker "HAWK" between $20 and $22 a share; Cramer said the division is not getting the credit it deserves.

He was also bullish on Fairway, the New York-based grocery chain with just 11 locations, although he noted the company in the longer term will be facing stiff competition.

Finally, there is HD Supply, a housing-related name Cramer said he also expects to perform well given the strength in the housing market we've seen so far this year.

Lightning Round

In the Lightning Round, Cramer was bullish on Toll Brothers (TOL), ImmunoGen (IMGN), Dollar Tree (DLTR), MDU Resources Group (MDU), Dunkin Brands (DNKN), Genworth Financial (GNW), Exelixis (EXEL) and iShares MSCI Mexico (EWW).

Cramer was bearish on Krispy Kreme Doughnuts (KKD) and Gafisa (GFA).

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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
HK $1.09 0.00%
AAPL $132.54 0.00%
FB $80.54 0.00%
GOOG $540.11 0.00%
TSLA $247.73 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs