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: A Dazzling Market

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


NEW YORK (TheStreet) -- Sometimes there’s so much good happening that you can’t even comprehend it, Jim Cramer said on Mad Money Wednesday. You’re just dazzled by all the ways this market gives you to make you money.

The gains in this market have been extraordinary, Cramer said. Why? It’s simple. Managements will not let up about their stocks being too cheap. They hate it and keep doing something about it.

Look at Time Warner (TWX), which turned down an $80 billion takeover offer from 21st Century Fox (FOX). Time Warner stock jumped 17.1% on the news. Everyone knows the cable companies have been consolidating, Cramer said, creating turmoil among content providers who need heft for their products to compete among a smaller amount of cable operators that are increasingly powerful.

This deal makes so much sense, Cramer said he’s kicking himself for only recommending Time Warner for its excellent fundamentals and buyback and not because it’s also a takeout candidate.

With the market where it is, what plays are left in this sphere that can benefit from the need to consolidate to compete? Cramer says you want to look for aggressive buybacks, the value of entertainment and the importance of a simplified pure play.

Look at CBS (CBS), Cramer said. Cheap still, good product, making itself easier to understand. Disney (DIS) went down today because analysts thought it might bid for Time Warner. Cramer doesn’t think that’s going to happen. But buy Disney; it can’t be taken over and traded softly Wednesday, he said.

Then there’s "Old Tech." Cramer has been pushing low-price, high-reward tech names like Intel (INTC) for quite some time. Intel was up 9.2% at Wednesday’s close. Cramer would also recommend Cisco (CSCO) and Hewlett-Packard (HPQ).

Finally, there's the oil sector beginning with Whiting Petroleum (WLL), which bought Kodiak Oil & Gas (KOG). Cramer thinks we’re about to see a consolidation trend in the oil and gas group and said the best plays are EOG (EOG), Occidental Petroleum (OXY), Anadarko (APC), Marathon (MRO) and Pioneer Natural Resources (PXD).

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link 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

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 16,399.67 +19.26 0.12%
S&P 500 1,904.01 +17.25 0.91%
NASDAQ 4,316.0740 +57.6360 1.35%

Brokerage Partners

Rates from Bankrate.com

  • 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