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: I Still Love Google 10 Years On

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Bob Lang over the charts of airline stocks with crude oil prices continuing to decline.

Lang first looked at the daily chart of Delta Airlines (DAL) , noting that the stock hit a low in early June and retested that low a month later. But since then the stock have been gaining steam, breaking above its 50-day moving average with the MACD indicating a bullish crossover.

The chart of American Airlines (AAL) showed a similar pattern, with a pullback from the spring rally, then a recent bullish crossover. Lang felt American also had room to move higher, but with a ceiling of resistance just $2 above current levels this was his least favorite in the group.

Two other airlines never saw a summer decline: Southwest Airlines (LUV) and Spirit Airlines (SAVE) . Lang noted both these stocks had only gentle pullbacks to their 50-day moving averages, which held, then rallied back to higher levels. Lang suggested waiting for the next dips in either of these two stocks, with Spirit being his favorite.

Must Read: For BHP Billiton, Breaking Up Isn’t Hard to Do

Finally, there was Hawaiian Airlines (HA) , which saw a big summer decline but has since been rallying hard. With both the MACD and the relative strength indicator strong, Lang and Cramer both liked this stock for speculation.

Booming WPX

Continuing with his "Behind the Boom" series looking into the American oil and gas revolution, Cramer featured WPX Energy (WPX - Get Report) , a stock that just hit a new 52-week high, by talking to its president and CEO, Rick Muncrief.

Muncrief said that he's very exciting about WPX's acreage in the Bakken shale, which has been one of the main drivers that has helped his company achieve a lofty 57% increase in oil revenue growth during their most recent quarter. He said WPX has been heavily weighted in natural gas, thanks to strong assets in the Marcellus and Utica shales, but thanks to diversification in the Bakken, oil is also coming on strong.

When asked about the American oil and gas renaissance, Muncrief said that everyone has underestimated out country's potential. He said the Bakken now produces over one million barrels a day of oil, a number that's "staggering" given the region's fairly short history.

Cramer said this gem of a company is being run by a great executive.

2 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
EXXI $0.11 -3.13%
GOOGL $707.88 0.00%
WPX $9.66 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%


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