Skip to main content

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

(BK) - Get Bank of New York Mellon Corporation Report



(APC) - Get Anadarko Petroleum Corporation Report

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.


(F) - Get Ford Motor Company Report

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

Scotts Miracle-Gro

(SMG) - Get Scotts Miracle-Gro Company Class A Report

Scroll to Continue

TheStreet Recommends

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

Goldman Sachs

(GS) - Get Goldman Sachs Group, Inc. Report

, 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.

In his

"Lightning Round" segment

, Cramer said he was a believer in


(VZ) - Get Verizon Communications Inc. Report

and recommended buying the stock.

Verizon slid 65 cents, or 2.1%, to close at $29.75.

He recommended selling


(MBI) - Get MBIA Inc. Report

, 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.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, 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

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here. has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from