Skip to main content

Search Jim Cramer's "Mad Money" trading recommendations using our exclusive "Mad Money" Stock Screener.



) -- Feel like you're getting stepped on by the Wall Street machine? Get used to it. That was Jim Cramer's sad commentary to

"Mad Money"

viewers Thursday. He thinks individual investors won't be getting justice any time soon because there's simply no incentive for Washington to fix the problem.

Who can blame investors for feeling helpless, unprotected and alone in the stock market? According to Cramer, markets appear rigged, and the only losers appear to be the shareholders.

Was the


(FB) - Get Meta Platforms Inc. Class A Report

initial public offering fair? With news that

Morgan Stanley

(MS) - Get Morgan Stanley Report

may have alerted some of its biggest customers about slowing growth at the company, it appears not. Were investors at

J.P. Morgan Chase

(JPM) - Get JPMorgan Chase & Co. Report

Scroll to Continue

TheStreet Recommends

misled by CEO Jamie Dimon, who repeatedly said things were going great even though the company was in the process of losing $5 billion? It appears so.

As if these offenses against shareholders weren't bad enough, Cramer said it gets even worse: Both Morgan Stanley and J.P. Morgan will use shareholder money to investigate and defend themselves against any wrongdoing. If they're found guilty, guess what? They'll use shareholder money to pay the fines, too.

Cramer said companies get away with stunts like this because the system is broken and Washington isn't doing anything to fix it. While the big banks and hedge funds have huge lobbies in Congress, the individual investor has none. Cramer said the bad apples on Wall Street must pay for their actions, and that will only happen if the government starts targeting them directly.

"Give prosecutors more power," Cramer concluded, and Wall Street will start cleaning up its act in a hurry.

Another Suggestion For J.C. Penney

Cramer wasn't done with suggestions for

J.C. Penney

(JCP) - Get J. C. Penney Company, Inc. Report

CEO Ron Johnson on how to revive the ailing retailer. After comparing J.C. Penney's turnaround attempt to that of

Pier 1 Imports

(PIR) - Get n.a. Report


Monday today Cramer compared Penney to the turnaround in

Chico's FAS

(CHS) - Get Chico's FAS, Inc. Report


Cramer explained that when Chico's began its turnaround almost two years ago, the company took the opposite approach Penney's Johnson. Chico's started with a hands-on approach, made no promises to Wall Street and slashed its earnings estimates. It then spent more money on infrastructure while closing stores, returning its brands to profitability.

Chico's had lost its way with its customers, explained Cramer. That's why the company reshuffled its merchandise and took the rare step of raising prices in order to attract its core, older customers while shunning a younger demographic.

This strategy worked. Chico's reported a 21% pop in year over year revenue with a 9.6% increase in same store sales. Now that Chico's is profitable, the company is only returning to a growth strategy that is more in line with Wall Street's expectations.

"The proof is in the pudding," Cramer concluded. J.C. Penney needs to stop pandering to Wall Street and get to work on the almost impossible task of a retail turnaround.

In A Pickle? Here's How To Play Defense

Investors need to play defense with their portfolios, Cramer told viewers. That means high-quality domestic companies with no exposure to the trials and tribulations of Europe and a juicy dividend yield. One such company that fits the description is

B&G Foods

(BGS) - Get B&G Foods, Inc. Report

, purveyors of Ortega tacos, Cream of Wheat and B&G pickles.

Cramer said what makes B&G great is not its products per se but its business model. The company buys ailing brands from much larger companies and nurses them back to health for sizable profits. While many of B&G's acquisitions are number one or two in their categories, these brands simply don't even register at the bigger companies.

B&G may seem like a ho-hum investment, but slow and steady are exactly what investors should be seeking, said Cramer. The company has the unique talent of being able to reinvigorate brands, catering to dollar stores, discount chains and cost clubs by making exclusive products just for those markets.

In an environment where commodity costs are falling, Cramer said that B&G, with its excellent balance sheet and great gross margins, is in a terrific position to surprise Wall Street. The company last reported a one-cent-a-share earnings beat on a 19% rise in revenue. Shares trade at just 15 times earnings and the company has a 12% long-term growth rate.

Lightning Round

Here's what Cramer had to say about caller's stocks during the "Lightning Round":


(GLW) - Get Corning Inc Report

: "It's a challenged company with TV sales weak. I'm going to say don't buy."


(V) - Get Visa Inc. Class A Report

: "Visa is terrific. Every time it goes down, buy some."


(FB) - Get Meta Platforms Inc. Class A Report

: "This is an overvalued stock. It's OK, not great."

Kodiak Oil & Gas


: "I think oil is going to $85 a barrel. That makes Kodiak a spec. "

VelocityShares Daily 2X VIX

(TVIX) - Get VelocityShares Daily 2x VIX Short-Term ETN Report

: "I don't like to trade that stuff. I have no edge so I can't take a position."


(GME) - Get GameStop Corp. Class A Report

: "I think that GameStop is in a very difficult position. Don't want to touch it."


(C) - Get Citigroup Inc. Report

: "Long-term upside, yes, but there's no dividend protection so I'm not going to recommend it."

Electronic Arts

(EA) - Get Electronic Arts Inc. Report

: "I think they're cheap. They have great brands that are worth more broken up."

Avoid These Stocks

In the Thursday "Sell Block" segment, Cramer highlighted several stocks that investors need to avoid at all costs.

Cramer said

Best Buy

(BBY) - Get Best Buy Co., Inc. Report

has a broken business model and should be sold at all costs. He said same-store sales, not cash flow, is the key metric to watch, and Best Buy's sales plummeted 5.3% in its most recent quarter.

Cramer was also negative on

First Solar

(FSLR) - Get First Solar, Inc. Report

, saying this industry still needs government subsidies to survive and those subsidies are drying up quick. The estimates are still too high, he warned, and First Solar is losing money.

Cramer also put three stocks in the penalty box, saying investors need to wait at least one quarter before pulling the trigger. He said

Mako Surgical


stumbled in its last quarter, so he needs to see whether bigger problems exist. The same applies to

Deckers Outdoor

(DECK) - Get Deckers Outdoor Corporation Report

where the company's Ugg boots may or may not be making a comeback.

Finally, Cramer thinks


(FOSL) - Get Fossil Group, Inc. Report

, which is levered to Europe, is another wait-and-see situation.

The J. Crew Chief

In a special interview, Cramer sat down with CNBC colleague David Faber to discuss Faber's latest documentary on

J. Crew

( JCG) CEO Millard (Mickey) Drexler, which debuts Thursday evening.

Faber said Drexler, while unknown to many, is one of the greatest retailers of our generation. He said Drexler's work turning around


(GPS) - Get Gap, Inc. Report

would have been noteworthy enough, but Drexler has continued to innovate and succeed in the cut-throat retail world.--Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here:

Scott Rutt






and become a fan on


To submit a news tip, send an email to:


To watch replays of Cramer's video segments, visit the Mad Money page on CNBC


Click here to sign up for Jim's Daily Booyah to get the Mad Money recap delivered to your inbox.

At the time of publication, Cramer's Action Alerts PLUS had a position in JPM.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of 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, 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 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, 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, 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 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, 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.