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

Jim Cramer's 'Mad Money' Recap: A Down Day for the Market

When asked what's been driving Home Depot's recent growth, Blake said it's a lot more than just interest rates and new home sales, it's also about technology. He explained that technology is entering the home faster than ever before, from Internet-enabled thermostats and locks to new battery technology in power tools, to the many advances in LED lighting. Blake showed off one new LED light bulb with a 22-year lifespan.

As for what's hot this holiday season, Blake said Christmas trees and decorations are always big sellers, as are gifts such as power tool combos plus winter necessities including shovels, ice melt and snowblowers.

More With Frank Blake

Continuing his interview with Frank Blake, CEO of Home Depot, Cramer asked about the overall state of housing in our country. Blake said that with home prices rising, people are once again investing in their homes. He explained that according to his company's research, people with positive equity in their homes are twice as likely to spend than those underwater on their mortgages.

So where are we in the cycle? Blake said multi-generation households are currently at an all-time high, which means there is huge pent-up demand from people who want to move to their own homes. He thinks demand will be unleashed now that the economy is thawing out.

Turning back to the business of Home Depot, Blake said he spends most of his time traveling and visiting as many of Home Depot's stores as he can. Unlike years past, Home Depot is not focused on opening stores but increasing the productivity and efficiency of the thousands of locations already open. Home Depot has lots of competitors in every category, from lumber to flooring to paint, so it can't afford not to continually innovate, he said.

Must Read: Jim Cramer's 'Mad Money' Recap: Next Week's Game Plan

Cramer said he remains a fan of Home Depot.

Lightning Round

In the Lightning Round, Cramer was bullish on Avery Dennison (AVY), Hertz Global Holdings (HTZ), Geron (GERN), Melco PBL Entertainment (MPEL), Las Vegas Sands (LVS), Alexion Pharmaceuticals (ALXN), NPS Pharmaceuticals (NPSP) and Advanced Micro Devices (AMD).

Cramer was bearish on Tenet Healthcare (THC) and Gogo (GOGO).

Executive Decision: Lee Tillman

For his second "Executive Decision" segment, Cramer sat down with Lee Tillman, president and CEO of Marathon Oil (MRO - Get Report), which held an analyst meeting today. Shares of Marathon are up 16% so far in 2013 and sport a 2% yield. They trade at 11.8 times earnings with a 10% growth rate.

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
HD $116.46 0.00%
MRO $21.86 0.00%
AAPL $122.37 0.00%
FB $95.21 0.00%
GOOG $632.59 0.00%

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs