Click here for an archive of Cramer's "Mad Money" recaps.
is an $87 stock that should go to $250 in a couple of years, Jim Cramer told viewers of his "Mad Money" TV show Thursday.
Although this stock might be "loathed" by Wall Street, Cramer said there are no real sellers of it.
It was up 5 points Thursday, but that spike in NYSE's price shouldn't frighten people, he said. In fact, Cramer believes the stock should have gone up even more.
"The shareholders are not looking to sell because they know the stock is worth even more," he said.
There are many reasons to own this stock, Cramer said. First, he believes the combination of the NYSE and
could be "gigantic," which is one of the reasons he wouldn't be scared away by the stock's 5-point spike.
Also, NYSE is cutting costs, which is great for its earnings, he said. On Tuesday, it announced that it's cutting 500 workers, about 17% of its staff.
Cramer said he is trying to get behind a select group of stocks with secular growth that are worth owning. He believes one of these stocks is NYSE.
The NYSE has started to roll out its hybrid system and it's working, Cramer said. In addition, the company will not have to get into a bidding war for Euronext, which means it won't overpay for it.
Although NYSE was previously "poorly managed," that is changing now. And not only is it trying to work deals with the India and Tokyo Stock Exchanges, but cost-effective machines should save the company money.
People have a "great buying opportunity" with this stock here, Cramer said, as he believes NYSE will "seriously ramp" in the next six months.
Put Your Chips on Beans
"Burritos are the new pizza," Cramer told viewers. As such, it's time to look into
Jack in the Box
, he said.
At first, Cramer thought the down sales in pizza were because of an isolated problem at
, but then best-of-breed
also "blew up" this week.
Papa John's got its "head cut off" because of a "stunning decline" in same-store sales, he said. Although the company is claming it's a store-expansion problem, he said it's hard to believe.
Pizza Hut same-store sales have also decreased, Cramer has reason to believe the whole pizza industry is falling, he said.
However, a way to make money off the decline in pizza sales is by figuring out what people are eating instead of pizza. After much digging, he found it was the burrito.
"People are heading out of Papa John's and into Taco John's," Cramer said. "Sadly, Taco John's is not publicly traded, but Chipotle and Jack in the Box are."
While Cramer hasn't recently liked Chipotle, this new information about burritos is starting to sway his opinion about it, he said.
He said he always thought Chipotle was expensive. But now that its price is coming down, its sales are up and burritos are popular, Cramer said he's bullish on Chipotle, although he wants people to wait for it to get a little cheaper before buying it.
Jack in the Box, however, is not done going up, he said.
Although burritos will never replace pizza, Cramer believes market players can make some money on burrito stocks right now.
In his "Sell Block" segment, Cramer told viewers to hold on to
He also referred back to
Wednesday's show when Mel Karmazin, the CEO of
Sirius Satellite Radio
appeared as a guest and said that since Sirius doesn't want
XM Satellite Radio
, market players shouldn't want it either.
XM is losing too much money, said Cramer, and he wants people to sell it.
Moving on, he said that because
has moved above $20, it's time to sell this stock. Instead, Cramer said he likes
In addition, he called
all "problematic," as the six-month performance for consumer staples has come to an end.
"There are other companies in other sectors that are worth owning more," Cramer said.
Instead of Anheuser-Busch, he suggested swapping into
, which he owns for his
Action Alerts PLUS charitable trust.
Cramer said he'd also feel "piggish" holding on to
, which are both are up significantly. But for those people who want to stay in, he suggested selling half and playing with the house's money.
Finally, Cramer said he would still not touch
Penney's for Thoughts
Cramer welcomed Myron Ullman, the chairman and chief executive of
, and asked him how he is giving his shareholders accelerated revenue growth.
"We're focusing on the customer," Ullman responded. "We're finding a lot of our existing customers are responding well to our brands and others are looking for a place to shop."
When asked about the company's long-term growth plans, Ullman said J.C. Penney is two years ahead of where it said it would be with its growth plan.
"We've introduced three new brands this year: a.n.a, a modern brand in casual sportswear; East 5th, a career brand; and Studio, which is a brand in our home collections," he went on to say.
Ullman said all three are doing better than expectations and that Sephora, a cosmetics retailer that operates stores within J.C. Penney stores, is adding a "great deal of excitement."
Cramer called J.C. Penney the No. 1 retail name in the country and said he wants to own it.
To view Cramer's interview with Mike Ullman, please click here.
In the "Sudden Death" round, Cramer was bearish on
Cramer was bullish on
Banco Itau Holding Financeira
Cramer was bearish on
For more of Cramer's insights during the Lightning Round, click here
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by
At the time of publication, Cramer was long Diageo and UnitedHealth Group.
Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."
None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.
Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.