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

Jim Cramer's Mad Dash: PEP CMG

NEW YORK (TheStreet) -- "I like the quarter," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment, regarding Pepsico's (PEP - Get Report) recent earnings report. 

The company beat on top- and bottom-line estimates, increased margins and posted organic growth of 4% or better in each business segment. 

"I've got nothing to complain about," he added, saying Pepsi's snack business is doing really well. The company is also returning capital to shareholders via a dividend and share buyback program. 

Turning to Chipotle Mexican Grill (CMG - Get Report), the company posted an incredible 13% growth in comp sales. "I thought it was a typo," Cramer said, highlighting how good the result was. In this environment, 5% comp sales growth is considering "amazing," he added. 

Must Read: Domino's Pizza Goes Bold With Its New Chicken Menu Offering

While earnings per share took a slight hit due to rising input costs, the main takeaway from the report is revenue and comp sale growth, he suggested. 

Regarding the broader market, Cramer said "old tech" stocks continue to outperform "new tech" stocks. The stocks that have been doing well don't have insider selling, are buying back stock and have low multiples, he argued. 

However, many names are beginning to bottom and the new technology companies -- like (CRM) and Workday (WDAY) -- need to turn around for the market to have fully bottomed, Cramer concluded. 

-- Written by Bret Kenwell in Petoskey, Mich.

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

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
CMG $480.57 0.00%
PEP $98.49 0.00%
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs