On Tuesday's "Mad Money" show, Jim Cramer said that, in spite of what the mainstream media might advise, a day with an intraday pullback is a day for buying stock.
Recently, secondary stock offerings such as
Bank of New York Mellon's
have been successful. In the case of Bank of New York Mellon, Cramer said that the stress tests strengthen banks. As for Anadarko, the company seeks to improve its balance sheet with the money it earns from its offering.
On Wednesday, Bank of New York lost 48 cents, or 1.7%, to close at $27.95, and Anadarko gave up $2.41, or 5.3%, to close at $43.50.
has an offering coming up, and Cramer recommended getting into the stock below the offering price.
On Wednesday, Ford closed down 5 cents, or 1%, at $4.96.
Cramer spoke with
Chairman and CEO Jim Hagedorn, who said the company's sales are reaching record levels. Cramer praised the company and said the stock was on its way much higher.
On Wednesday, Scotts Miracle-Gro added $1.29, or 4%, to $33.83.
Cramer was also bullish on
, which he said he'd buy whether it rose, fell or stayed where it is. He said Goldman's fundamentals are good and improving and is trading at a discount.
On Wednesday, Goldman gave up $6.15, or 4.5%, to $129.26.
, Cramer said he was a believer in
and recommended buying the stock.
Verizon slid 65 cents, or 2.1%, to close at $29.75.
He recommended selling
, however, because he was unsure about the company's earnings.
MBIA gave up 45 cents, or 7.3%, to close at $5.69.
At the time of publication, Cramer was long Goldman Sachs.
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