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: Beware the Bears

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


NEW YORK (TheStreet) -- "I don't see or smell fire in this market," Jim Cramer said on "Mad Money"  Wednesday. Cramer said there still aren't many bulls either, which is why he's not worried about the markets overheating.

There are still far too many bears in this market, Cramer continued -- bears trying to scare investors out of stocks by drawing comparisons to the dot-com bust of 2001, endlessly preaching that stocks are "frothy."

But Cramer said that while some hyperbolic stocks, like Tesla Motors (TSLA), Netflix (NFLX) and Workday (WDAY) are worrisome, the market overall is far from 2001.

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

Cramer said he's not afraid to call a top in the markets or to tell investors to sell. He did just that in 2001 and again in 2008. But today's markets do not resemble those markets and the vast majority of stocks still represent terrific value.

You cannot deny the power of this market, Cramer concluded, which is why investors need to be in stocks and not selling them outside of a few exceptions.

Executive Decision: Marc Casper

In his "Executive Decision" segment, Cramer sat down with Marc Casper, president and CEO of Thermo Fisher Scientific (TMO - Get Report), a stock that's up over 50% since last April.

Casper said last year's acquisition of Life Sciences was key to the company's growth because as it makes the company a leader in the genomics equipment space and a key supplier to biotech and big pharma companies around the globe.

When asked about the Chinese market, Casper noted that the Chinese are getting serious about cleaning up their food chain, which means they need a lot more test equipment from Thermo Fisher.

Turning to the company's business model, Casper said only 25% of sales stem from equipment. The remaining 75% of sales stem from consumables and services, two areas that are very predictable and stable, which investors love.

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
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
TMO $138.32 -0.87%
AAPL $118.12 -2.60%
FB $93.47 -0.57%
GOOG $626.62 0.16%
YHOO $36.45 -0.60%

Markets

Chart of I:DJI
DOW 17,502.26 -187.60 -1.06%
S&P 500 2,090.42 -13.42 -0.64%
NASDAQ 5,092.74 -35.5410 -0.69%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs