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: What if There Was a Rate Hike and Nobody Cared?

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

NEW YORK (TheStreet) -- It's no secret that the markets are running scared of an interest rate hike from the Federal Reserve. But what if the Fed raises rates and there's not as much downside as we'd feared? That was the question Jim Cramer posited to his Mad Money viewers Monday. Cramer said the markets might not have a big reaction to a rate hike because much of the destruction has already occurred.

Take a quick peek at the stocks that make up the S&P 500 and you'll find 11 household names with stocks down 50% or more for 2015. Another 24 stocks are down 40% or more, 23 more are down over 30%, 78 are down more than 20% and a full 104 are down more than 10%.

These are big, profitable companies, Cramer said, companies that make money yet are being thrown away on a daily basis. Procter & Gamble (PG) is down 22% for the year, Wal-Mart (WMT) is down 24%. These are great American companies that have simply gotten killed.

Must Read: What Investors Should Do If They Sold on Black Monday

Sure, the problems in China and Brazil and elsewhere in the world aren't good, Cramer continued, but they're not the end of the world either. The same goes for a Fed rate hike. Every day the markets head lower ahead of a Fed announcement is less they'll fall after the announcement, and that translates to opportunity.

Executive Decision: Mary Dillon

For his "Executive Decision" segment, Cramer spoke with Mary Dillon, CEO of Ulta Salon (ULTA - Get Report), the beauty retailer that just posted a 3-cents-a-share earnings beat on a 19.4% rise in revenue year over year and a 10.1% bump in same-store sales at its 800 locations.

Dillon said that guests are clearly responding to Ulta's model of providing everything related to beauty all in one place. That message will only get stronger as the company prepares to roll out it's first national ad campaign shortly after Labor Day. That campaign, Dillon said, will really put Ulta on the map.

When asked about ecommerce, Dillon said the online side of Ulta is growing nicely but the company continues to focus on the in-store experience offering guests a lot more than just products to buy.

As for future plans, Dillon said Ulta continues to work toward opening 100 stores a year and there are still opportunities for smaller-footprint stores in urban and smaller rural areas.

Cramer said there aren't many companies that have the organic growth of Ulta, which is why investing in Ulta still works even in a turbulent market.

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
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
LNG $62.15 -2.10%
ULTA $158.09 -0.57%
AAPL $112.76 -0.47%
FB $89.43 -1.74%
GOOG $618.25 -1.92%


Chart of I:DJI
DOW 16,528.03 -114.98 -0.69%
S&P 500 1,972.18 -16.69 -0.84%
NASDAQ 4,776.5080 -51.8170 -1.07%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs