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) - Get Emerson Electric Co. Report, 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
Duncan Niederauer, who said the company's dividend is safe. Cramer said he liked both Niederauer and NYSE Euronext.
NYSE Euronext closed up $1.68, or 8.5%, at $21.51 on Thursday.
, Cramer said that
is a "good, solid stock" and said it should go to $23. He recommended sticking with it.
Quanta added 44 cents, or 2%, to close at $21.99.
He said that for solar stocks such as
to make money, oil needs to be at $80 to $90. He called First Solar "stagnant."
First Solar closed up $6.36, or 4.7%, at $142.05.
Cramer said he missed the boat on
( JCG) and that it's now "up huge," but nevertheless, he said the stock's OK at $12.
J.Crew added 11.2%, or $1.64, at $16.25.
( SHPGY) has a "great basket of drugs," and Cramer thinks it should work as a play on coming out of the recession.
On Thursday, Shire lost a penny to close at $36.30.
At the time of publication, Cramer had no positions in stocks mentioned.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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