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: It's Russia's Fault

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

NEW YORK (TheStreet) -- Today is the day the markets finally figured it out, Jim Cramer said on Mad Money Tuesday. Today the markets realized the possibility of a war between Russia and Ukraine is indeed possible, and the west has no clue what to do about it.

Cramer explained that for weeks the markets have been acting as if they were were being controlled by interest rates and the Federal Reserve. But the Fed isn't as important as you'd think with Russian troops massing at the Ukraine border.

The oil stocks had been huge market leaders earlier this year, but lately investors have been selling the group. That's just wrong, Cramer said. If Russian oil goes offline, prices will skyrocket. Meanwhile the airline stocks have been rising, ignoring the fact that travelers are now increasingly scared to fly.

Then there's retail, which should be doing great with richer consumers. But Target (TGT) painted a different picture when it spoke to investors, calling out a "challenging" environment.

If Russia wasn't front and center, the markets would be higher, Cramer said simply. But since it is, investors need to accept the new reality.

Deceiving Appearances

Just because a stock appears to be bottoming doesn't mean it's necessarily a buy, Cramer told viewers, as he opined on four often-asked-about stocks, Coach (COH), Whole Foods Markets (WFM), Panera Bread (PNRA) and Target.

Cramer said that with a successful migration into men's apparel and big growth in China, it appears that Coach has indeed bottomed. And with a 3.77% dividend yield, the stock is worth speculating on.

That's not the case with Whole Foods, however. Cramer said while there was a sense of urgency on the company's conference call, other stocks, like Kroger (KR), offer better value. Cramer said he needs to see evidence of a turnaround at Whole Foods, otherwise he'd rather own Costco (COST).

Then there's Panera Bread, a stock that didn't tank when its CFO departed. That feels like a bottom, Cramer said, but again, he needs to see evidence of a turnaround before the stock is worth speculating on.

Finally, Cramer said that he's not a fan of retail, which means he cannot recommend Target. The future does look better with employment improving, he noted, but the stock is not worth owning now.

Cramer said it would be a mistake to short any of these names because they appear to be bottoming. But it's also a mistake to jump in and buy as it may be a while before we see any upward momentum.

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
CNQR $128.78 -0.02%
FLEX $12.15 -1.30%
MON $93.68 -0.63%
AAPL $93.74 -1.15%
FB $117.58 0.73%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs