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: What Was Bad Is Good Again

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


NEW YORK (TheStreet) -- Everything the market hated yesterday it loved today, Jim Cramer told his Mad Money viewers Thursday as the market changed on a dime, reversing most of Wednesday's trends.

Today, growth is once again in fashion, as the successful IPO of the Chinese-based JD.com (JD) proved. Once JD's shares hit the tape, all of the growth names began to rally because Wall Street forgot why it hated them just a day ago.

That was evident with Salesforce.com (CRM), Cramer continued. The company posted a strong quarter on Tuesday and saw its shares fall on Wednesday from $53 to $50 a share, despite much analyst praise. Today, Salesforce rallied 6%, sending its shares right back to $53 a share.

Today's strength in Salesforce sent other high-growth stocks higher. Stocks like Workday (WDAY) and Splunk (SPLK) came along for the ride, as did traditional growth names like Chipotle Mexican Grill (CMG).

The Wall Street fashion show used to have seasons, Cramer concluded, but lately those seasons have been reduced to just days. While investors may never be able to time the day-to-day mood of the markets, Cramer said longer-term investing still works and is why he still comes on TV every evening.

Executive Decision: Dan Welch

For his "Executive Decision" segment, Cramer spoke with Dan Welch, chairman, president and CEO of InterMune (ITMN), the orphan drug maker whose shares have rallied 168% year to date on the prospects of FDA approval for its drug Pirfenidone, which treats terminal lung disease.

Welch said the data surrounding Pirfenidone has been very compelling and the opinion leaders in their fields have been very excited for the drug to come to the U.S. Pirfenidone is currently available in Europe and has been seeing great success, with fewer deaths after a year of treatment.

Welch said that after a long 10-year journey, he's very hopeful Pirfenidone will be available in the U.S. for the first quarter of 2015. He said InterMune has already begun studies on using Pirfenidone for other indications and so far that research is also going very well.

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
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!
SYM TRADE IT LAST %CHG
ITMN $73.89 -0.03%
DKS $56.59 0.00%
YHOO $44.52 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs