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 Money' Recap: Has the Tech Bubble Already Popped?

Although he thinks SPDR Gold Trust (GLD) is the best way to play the gold market, there's also Randgold Rosources (GOLD - Get Report), the most successful player left in an admittedly ailing industry. The company is an Africa-focused gold mining and exploration company.

That's why Cramer spoke to CEO Mark Bristow. On Thursday, Randgold announced that it had produced a record 283.763 ounces of gold in its first quarter for 2014, a 43% increase from the same period last year. The company's exploration plans are underway in Mali, Senegal, the Democratic Republic of Congo, among others.

According to Bristow, 40% to 50% of the industry is producing gold that is not profitable. Cramer wanted to know how long that can last. Consolitdated gold production should reach the range of 1.13-1.20 million ounces in fiscal 2014, Bristow said.

Lightning Round

In the Lightning Round, Cramer was bullish on Enterprise Products (EPD)Yahoo! (YHOO) and Encana (ECA).

Must Read: Jim Cramer's 'Mad Money' Recap: Market Headwinds Getting Worse

Cramer was bearish on AthenaHealth (ATHN), Cheniere Energy (LNG) and Emerge Energy (EMES).

No Huddle Offense

During the "No Huddle Offense," Cramer took a close look at the slew of companies that have come public in 2014 or, as he sees it, the flotsam and jetsam of biotech.

Cramer said these IPOs are simply the function of a process where Wall Street sates the desire of the public with more and more deals of lower quality in "hot" segments.

But last year we saw deals where everyone won, Cramer said. Case in point: Pinnacle Foods (PF), which owns brands such as Duncan Hines, Bird's Eye, Wish-Bone and Hungry-Man. This company went public at $20, and since March 2013 is up 13.2%. In February 2014, the company announced a quarterly cash dividend of 21 cents per share.

On Monday, Hillshire Brands (HSH) announced plans to purchase Pinnacle Foods for around $4.3 billion in a cash-and-stock deal. The Pinnacle Foods deal is the type of whichshareholders dream, providing cash and upside in the transaction. Cramer said it is an example that others should aspire to follow.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

-- Written by Chris Sahl in Boston.

At the time of publication, Cramer's Action Alerts PLUS had a position in FB, GE and GOOGL.
3 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
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 $726.91 0.34%
H $49.66 1.90%
GOLD $63.66 0.49%
HOT $69.32 1.90%
HLT $23.89 1.30%


Chart of I:DJI
DOW 16,675.38 +203.01 1.23%
S&P 500 1,975.17 +23.81 1.22%
NASDAQ 4,751.3690 +43.5940 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs