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
TheStreet Open House

Jim Cramer's 'Mad Money' Recap: A Matter of Urgency

When asked whether Pioneer was more of an oil company or a technology company, Sheffield replied Pioneer is an oil company, but one with some of the best engineers and geoscientists available. That's why the company has sold its international and Gulf assets in order to focus almost exclusively on the Eagle Ford and west Texas properties.

Cramer said the story at Pioneer is one of the most incredible he's heard so far.

Confident Companies

What types of companies would actually benefit from a U.S. government default? Companies that don't worry about the short term and instead take a long-term view of the world, Cramer said. That means companies with a history of buying back lots of their own stock.

Only confident companies buy back their own stock on weakness, which is why stocks such as GameStop (GME), which has already bought nearly a third of its shares at dramatically lower prices, is likely to do it again if the market plummets on more Washington posturing.

Media companies are also a likely group as they've got the cash flow to support big buybacks. Viacom (VIA.B) already has a big buyback, and Cramer said others, like CBS (CBS) could follow suit.

Other buyers of their own stock include Wyndham Worldwide (WYN), a company Cramer called a long-term winner, and AutoZone (AZO), which has bought back nearly half of its shares in recent years.

Cramer said he'd pick at any of these names as the market falls because all of them will capitalize on the short term weakness for longer term gains for their shareholders.

Lightning Round

In the Lightning Round, Cramer was bullish on American International Group (AIG), Cedar Fair (FUN), Taser International (TASR), AT&T (T), Verizon (VZ), Globe Specialty Metals (GSM), Tractor Supply (TSCO) and Dryships (DRYS).

Cramer was bearish on SeaWorld Entertainment (SEAS).

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Bob Lang over the chart of Himax Technologies (HIMX), a small, speculative LCD chipmaker that's seen huge gains after it was announced that some of the company's technology powers Google (GOOG) Glass.

2 of 3

Select the service that is right for you!

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 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from

  • 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