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NEW YORK (
TheStreet) -- Does the mainstream media dwell on the negatives and ignore the positives? Jim Cramer told
"Mad Money" viewers Monday that the answer is a resounding "Yes!"
Cramer said the media almost totally ignored today's news that Standard & Poor's upgraded its outlook for U.S. debt from negative to stable. Yet, this is the same media predicting the demise of America when S&P downgraded U.S. debt to AA+ just over a year ago. The media only care when things are going down, but seemingly ignore any and all good news, noted Cramer.
The same holds true for individual stocks. Cramer said the media haven't had many positive things to say for the past 5,000 points on the
Dow Jones Industrial Average.
When it comes to Europe, it's more of the same. Things are getting better in Europe, said Cramer, yet the media remain silent on everything from the stabilizing of unemployment in Spain to the recent increase in French industrial production. Earnings have been better than expected in the U.K., Cramer added, which is why
Royal Bank of Scotland(RBS) remains one of his speculative picks for 2013.
Cramer said it's all to easy to lapse into negativity, but that doesn't mean that things are indeed all negative.
Know Your IPO
In the "Know Your IPO" segment, Cramer highlighted two upcoming IPOs later this week, cosmetics maker
Coty and enterprise networking purveyor
Gigamon. He reminded viewers that IPOs have been red-hot this year, with the average deal up 17.6% so far this year.
Cramer said Gigamon, which will trade under the ticker GIMO, has everything a growth investor seeks, including 55% revenue growth last quarter. The company makes equipment to help large enterprises manage and monitor their networks, ultimately saving them money, a service that's in high demand. Shares are expected to price between $18 and $20 a share, giving the company a $600 million market cap.
Cramer said he'd be willing to spend up to $25 a share for Gigamon because he expects this fairly small deal to easily pop between $25 and $29 a share on its initial offering. He cautioned investors to handle the stock with care after its first-day pop, as they'll likely give back much of their gains thereafter.