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

[video] Jim Cramer Quick Take: Sell MasterCard; Buy Home Depot, Discovery Communications

NEW YORK (TheStreet) -- TheStreet's Jim Cramer has a few stock picks based on the headlines.

MasterCard (MA) announced late Tuesday it would do a 10:1 split, raise its dividend by 83% and initiate a $3.5 billion buyback plan after the current buyback expire. According to Cramer, the only two events that matter are the dividend and the buyback. 

He said Visa (V) is now cheaper than MA, and suggested investors sell MA right before the split and use the proceeds to buy V. 

Turning to Home Depot (HD), Cramer questioned what else shareholders could want from the stock. Management has done everything right and the company will hit 2015's estimates in 2014, helped along by strong housing prices. Cramer called the stock a buy on weakness. 

Must Read: Dumpster Diving for Stocks and Harvesting Losses

Finally, he said the deal between Discovery Communications (DISCA) and Scripps Networks Interactive (SNI) looks unlikely to get done for the time being, as per CNBC's David Faber. 

However, Cramer said SNI is undervalued and he likes both names. He suggested investors stay long SNI and DISCA. 

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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
AAPL $111.57 -0.03%
FB $95.18 0.98%
GOOG $650.53 0.60%
TSLA $220.31 2.20%
YHOO $32.72 -0.44%


Chart of I:DJI
DOW 17,119.97 -11.89 -0.07%
S&P 500 2,014.89 +15.91 0.80%
NASDAQ 4,827.2680 -11.3750 -0.24%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs