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
TheStreet Open House

Jim Cramer's 'Mad Money' Recap: Blame China, Greece for the Meltdown

Stock quotes in this article: RAD, BBY, CMG, MCD, JPM, GTAT, AAPL, BMRN, CSV, SCI, SFY, MHR, LNG, SGMO

Greed will forever be a part of our markets, even if we've already seen the dangers and those dangers are now just behind us, Cramer concluded.

Best For Your Buck

For the next installment of his "Best For Your Buck" series, Cramer offered up his pick for the best stock trading in the $10 to $50 range. That honor went to GT Advanced Technology (GTAT), a stock that's up 84% so far in 2014.

Cramer said GTAT should only be bought for speculation, which means investors mustn't buy all at once and must use limit orders to avoid chasing shares higher.

What makes GTAT so exciting? The company was primarily a solar and LED equipment supplier up until a few months ago, when the company's sapphire technology caught the eye of Apple (AAPL), which already uses sapphire, the second-toughest material on Earth behind diamonds, for its fingerprint readers and camera lenses.

Apple offered GTAT a $578 million loan five months ago, presumably to allow the company to significantly ramp up its sapphire production with a new plant and supply Apple with more sapphire for its products. If that happens, Cramer said shares of GTAT would be worth significantly more than they trade today as 2014 could become the year the company becomes profitable.

Mr. Volatility

In a special interview, Cramer sat down with Robert Whaley, creator of the CBOE Market Volatility Index or the VIX, as it's known by many, and an adviser to AccuShares, which is close to introducing a new exchange-traded fund based on the VIX.

Whaley explained the VIX is simply a measure of the volatility in the market, which is largely based on investor fear and uncertainty. However, all of the ETFs currently based on the VIX are correlated to the trading of futures indices, which slowly lose value over time as they are reset daily.

Whaley noted that some VIX-based ETFs have lost 99% of their value since their inception, and certainly don't trade along with the VIX as novice investors would expect. That's why he's been working with AccuShares to offer a new ETF, one that is based on the VIX and behaves as investors would expect.

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs