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
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Cramer's 'Mad Money' Recap: A Market Too Good to Ignore

Tesla also let investors know the number of people who test drive the car and then actually buy one was far better than expected and the company was able to start offering financing for the first time, dramatically expanding its addressable market. If all that wasn't enough, foreign demand is ramping up.

But perhaps the biggest surprise on the conference call was the fact that capital spending is ramping down, not up, and Tesla is not planning to raise more funding.

All this great news was simply too much for Wall Street to take, said Cramer. With so many shares sold short, there's simply not been enough stock to go around to satisfy demand. When demand outstrips supply, prices go up. It's as simple as that, Cramer concluded.

Being Sure of Software Security Stocks

It's time to take a second look at software security stocks, Cramer told viewers. He said these stocks have been beaten down hard over the past 12 months thanks to the global economic malaise, but with cloud computing continuing to soar in popularity software security has never been more important.

Cramer said with Cisco's (CSCO) recent security acquisition and Hewlett-Packard (HPQ) CEO Meg Whitman also stating she's interested in this space, the time is now to get in ahead of any additional takeovers.

There are only three software security pure plays, noted Cramer, and a rising tide should lift all of these boats. He said Checkpoint Systems (CKP) trades at 17 times earnings, although the company's software seems to have lost some of its luster, making it his least favorite.

Then there's Fortinet (FTNT), which has been struggling to fight the economic weakness. Cramer said this company can deliver the goods and convince Wall Street that the turn is at hand.

But Cramer's favorite among the group is Palo Alto Networks (PANW), a stock he liked at its IPO for a 71% gain but then advised selling just before the stock pulled back to nearly its IPO price. Cramer said it's once again time to buy this stock -- it has got the best growth of the three; investors will not only value it the highest, but will also make it a prime takeover candidate.

Stock quotes in this article: TJX, CI, SUSQ, VG, DENN, WEN, AFCE, FB, CIE, MON, AGCO, COG, NKE, UA, BX, F, LULU, EEP, KCAP, PBT, NOG, LCC, TSLA, AMGN, CSCO, HPQ, CKP, FTNT, PANW, ONXX, LMT, VIA, FDX, DG, NFLX, DOW, WYNN 

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.
DOW 16,424.85 +162.29 1.00%
S&P 500 1,862.31 +19.33 1.05%
NASDAQ 4,086.2250 +52.0640 1.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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