This Day On The Street
Continue to site
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

Jim Cramer's 'Mad Money' Recap: Stay Along for the Ride

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

NEW YORK ( TheStreet) -- "I'm not giving up on the stock market," Jim Cramer told his "Mad Money" TV show viewers Thursday, as he took on the bears who claim that a bubble is at hand and markets will soon crash.

Cramer said that while yes, it's true that the Federal Reserve has been propping up the markets with low interest rates and cheap money, their actions have also created a lot of "collateral positives," which are making up for spending cuts that are taking money out of the economy. The Fed's actions are not only making stocks attractive compared to every other asset class, they're also giving companies the ability to refinance and grow and hire, and giving the housing market a much needed kickstart, which ripples down to many other sectors.

The bears may charge that stocks are expensive, but tell that to shareholders of Kimberly-Clark (KMB - Get Report), which announced a spinoff that sent shares soaring. The bears also fear inflation, Cramer noted, but as of yet, there still are no signs inflation is nipping at our heels.

Is there a bubble in Internet stocks, like Twitter (TWTR)? Cramer said absolutely, but even there, it's hard to know whether a Twitter or Yelp (YELP) will become the next (AMZN), which makes their valuations at least logical.

Given that now is the time of year when money mangers are insatiably buying stocks to solidify their portfolios for year's end, Cramer said it's hard to make a case to sell in the current environment. That's why he advised taking some profits, but staying along for the ride with everything else.

Executive Decision: Cheryl Bachelder

In the first "Executive Decision" segment, Cramer spoke with Cheryl Bachelder, CEO of AFC Enterprises (AFCE), a stock that's up 60% for the year, but also one that got hammered 7% in today's trading despite offering up a six-cent-a-share earnings beat on a 26% rise in revenues and a 5.1% increase in same-store sales.

Bachelder explained that she felt it was important to let investors know that with consumer confidence waning, AFC was seeing a slowdown in its growth. That said, she noted that their guidance remains solid and Wall Street may have overreacted to the tempering of expectations. It has been a great year for franchisee profits, Bachelder noted, and Popeye's remains a best-in-class franchise.
1 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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AHS $36.44 0.00%
ANF $27.36 0.04%
KMB $126.24 0.00%
AAPL $95.03 0.21%
FB $116.73 0.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs