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On his 1,000th "Mad Money" episode on Wednesday, Jim Cramer said that investing "isn't always about common sense." His case in point was Emerson Electric(EMR Quote), which cut earnings forecasts and whose CEO doesn't expect things to improve much until 2011 at the earliest. The stock, however, traded almost flat on Wednesday.
Cramer called it a bottom and said that with all the bad news on the table and company's 6% yield, Emerson's a buy.
On Thursday, Emerson closed up 5.9%, or $1.79, at $32.
Cramer spoke with NYSE Euronext(NYX Quote) Duncan Niederauer, who said the company's dividend is safe. Cramer said he liked both Niederauer and NYSE Euronext. ...
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