Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.
NEW YORK (TheStreet) -- There's no reason to panic and sell, Jim Cramer said on Mad Money Monday as the markets continued to process global worries. But there's also no reason to run out and buy either, Cramer continued, as he urged investors to wait for a better time to buy.
So why haven't the markets been crushed by the threat of tougher sanctions on Russia? Cramer rattled off a laundry list of reasons including the fact that Europe, which is far more dependent on energy from Russia, isn't likely to let sanctions get out of hand. That means that some U.S. companies may get hit by a few cents a share in earnings, but nothing that'll really hurt their bottom lines.
But the markets are also holding strong on the continued flight to quality in bonds, Cramer added, which is keeping interest rates low.Then there's what Cramer called "company self help," where companies like Allergan (AGN) are cutting costs to fight off a hostile takeover. Other companies are turning themselves around thanks to activist investors, while still others, like Chipotle Mexican Grill (CMG) are just delivering stellar earnings that sent their shares up a quick 9%. Don't forget the initial public offering market has been quiet, Cramer added, which also helps the supply and demand equation and helps keep things in balance. Add all these reasons together and its easy to see why the markets just aren't that concerned over Russia, at least not yet.
Executive Decision: David CoteFor his "Executive Decision" segment, Cramer sat down with David Cote, chairman and CEO of Honeywell (HON), a stock that hit new all-time highs today and is up more than 8% since Cramer last checked in back in January. Cote once again talked about Honeywell's three-legged stool of success. He said it starts with the company's great portfolio of businesses, then is helped along by solid business processes to get the job done and a corporate culture that sustains and innovates. That's how the company can continue firing on all cylinders, Cote said.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts