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: Wall Street Is Confused

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


NEW YORK (TheStreet) -- Today was one confusing day on Wall Street, Jim Cramer admitted to his Mad Money TV show viewers Thursday. Cramer said the market is full of confusing cross-currents that has even him wondering if there's something big lurking around the corner.

It just doesn't make sense that interest rates are falling while business is improving. The mining and minerals stocks such as Freeport-McMoRan (FCX) are bouncing, yet there's no news to support that bounce. Alcoa (AA) was up 6% Thursday while most of the market still fears a Chinese slowdown or trouble in Russia.

Some of the banks failed their stress tests, but that doesn't explain why those that passed  -- and are returning more capital to shareholders  -- didn't rally.

Must Read: Jim Cramer's 'Mad Money' Recap: This Market's Got Legs

Then there are the analysts. It's eerily quiet on Wall Street, Cramer said. Facebook (FB) clearly made their earnings murky with their last two acquisitions but the analysts have said nothing, pro or con, about the deal. Google (GOOG) is trading at a low 17 times 2015 earnings. No analyst chatter there either.

Then there's Lululemon Athletica (LULU), which delivered a lackluster quarter but share shares up 6%, well, just because.

Are the markets in the process of bottoming, or is there something lurking we just can't see? Cramer said he's not quite sure yet.

Executive Decision: Burton Goldfield

For his "Executive Decision" segment, Cramer sat down with Burton Goldfield, president and CEO of TriNet Group (TNET), which came public Thursday, rising 19% by the close of trading. Cramer said TriNet's performance stems from the fact the company has real profits and a legitimate valuation based on earnings.

Goldfield explained that TriNet is a one-stop shop for small and medium-sized businesses to have their payroll and health and benefit plans serviced professionally and affordably. He said his company offers three components: HR services provided by 300 people in 60 offices, a "backbone" that processes five million transactions a month and over 105 health and benefit plans.

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
KING $15.53 0.00%
PAYX $46.40 0.00%
TNET $26.88 0.00%
AAPL $121.30 0.00%
FB $94.01 0.00%

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs