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: Management Matters, Not the Fed

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

NEW YORK (TheStreet) -- People are paying way too much attention to Fed Chair Janet Yellen and too little to what's happening to the company themselves, Jim Cramer told his Mad Money viewers Thursday.

Cramer noted that while people are obsessing about the Fed and having another S&P 500 record, he's a throwback to "days when we looked at what individual companies are doing. But being old-fashioned doesn't make me wrong."

People obsessed with the Fed have kept you out of the market and missing opportunities, he said, and the Fed's bond buyback tapering is simply not having an impact on the market.

Look at Starbucks (SBUX), which was up 2.21% at Thursday's close, Cramer said. It's been marking time for the last eight months, in part because coffee prices were up 44% this year. The company has expanded its menu, added alcohol sales, cell phone chargers at tables and other improvements like helping its employees pay for college. When UBS upgraded its outlook on Starbucks today, the stock popped.

He also pointed out Kroger (KR), which rallied more than 5% today. Why?  Expectations were "super negative" among short-sellers. Today's spectacular numbers and dramatic raid of guidance sent Kroger to an all-time high.

Cramer's bottom line? Let Starbucks and Kroger be a reminder that companies and their managements matter more than the policy of the Federal Reserve.

Executive Decision: Gary Friedman

In his "Executive Decision" segment, Cramer looked at Restoration Hardware's (RH - Get Report), which reported earnigns this week and said revenue rose 21.6% from the prior year. How does Restoration Hardware's in-store experience give it an edge in the sector?  To answer that question, Cramer spoke to CEO Gary Friedman.

Friedman says you need to think of the company's products in terms of design and quality rather than price.

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
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
BUD $123.05 0.00%
RH $39.42 0.00%
RHT $71.45 0.00%
AAPL $94.19 0.00%
FB $118.06 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs