Search Jim Cramer's Mad Money trading recommendations using our exclusive Mad Money Stock Screener and watch Jim Cramer's Mad Money Post Game video exclusively on TheStreet.com.
NEW YORK (
) -- "Despite the big runs, there's still nothing on the horizon that warrants a change in direction," Jim Cramer told his
TV viewers on Monday.
He said none of the long-term trends driving the markets higher show any signs of reversing course any time soon.
Cramer said while the bears are still screaming that everything in this market has reached its top for the year, including gold, silver, corn, wheat, oil, the
, the euro, home prices and of course housing, in reality, nothing has changed.
Cramer said he's heard the arguments against gold for six years, all the while the precious metal continues higher. He said the price of oil is being driven by money managers and continued high demand and low supply. Nothing changing there. Grains are still in high demand thanks to a global food shortage. And for stocks, well the earnings continue to be spectacular.
On the inflation front, Cramer said the only two areas he worries about are wage inflation and housing inflation, and the economy is seeing neither.
Turing back to stocks, Cramer said the 52-week high list is riddled with high growth names that cannot be stopped. He said
has caught his attention again, and
, a stock which he owns for his charitable trust,
Action Alerts PLUS, is back. Cramer said that even
, which got hit today, will be OK to buy again in two days.
"There's no cessation of buying," concluded Cramer. Sure there are some weak spots and concerns, but there's nothing that's changing his bullish outlook any time soon.
"London is calling," Cramer told viewers as he used the pomp and circumstance of the royal wedding to introduce a diversified portfolio of British stocks to help round out some American investments. Cramer said Britain is one of the most investable countries on earth and investors need to give these names a second look.
First up was mining giant
. Cramer said with China's slowdown almost complete, Rio will see rising demand. The company is aggressively paying down debt and has a $5 billion stock buyback program.
Next on the list were
British American Tobacco
. Cramer said British American has 22% cigarette market share worldwide and has a 4.3% dividend yield, while National Grid is a solid performer with a 5.6% dividend yield.
Also on the list, publishing house
, a company Cramer called one of the best in the publishing business. He said Pearson is an amazing story and has a 3.3% dividend to boot.
Finally, Cramer gave the nod to
, in part for its 45% stake in
wireless operations, but also for its 360 million other customers in 30 countries around the globe.
Cramer also outlined a group of British stocks investors should avoid. He said while the British economy may be on the road to recovery, not all of their stocks are participating.
The first stock to avoid was
. Cramer said BP is still too controversial and won't return to pre-spill production levels until 2016. The company also has a dicey Russian partnership deal and poses far too much headline risk.
Also on the no-no list,
, a British bank Cramer said is two years behind others in its recovery. Cramer said he'd also avoid
, a struggling landline telco that lacks a big dividend yield like its U.S. counterparts.
Finally, Cramer said he wouldn't recommend liquor giant
, as the weak dollar continues to hurt this company's American profits.
Cramer told a viewer to not pay attention to the West Texas Intermediate crude prices as they do not reflect the true price of oil. Cramer told a second viewer to be weary of
, as deep-water drilling has not yet been fully blessed by Washington.
When asked about
, Cramer said the banks remain dicey as Washington continues to attack them. Cramer did give the nod to
when asked about this retailer. He said when gas prices go up, the markets sell retail, but stick with Macy's.
Finally, when asked about making money with eBooks, Cramer said he likes Apple and
. However, he said all high-multiple stocks get hammered after earnings, so wait for the pullback before buying.
Cramer was bullish on
Buffalo Wild Wings
First Niagara Financial
He was bearish on
Chipotle Mexican Grill
Hudson City Bancorp
High on Gold
In his "No Huddle Offense" segment, Cramer once again recommended investors own some gold. He reiterated that gold has outperformed all other asset classes and he's bullish on gold bullion, the
SPDR Gold Shares
ETF and on gold miners such as
Cramer said he's not a fan of gold coins, as they include too high of a markup.
--Written by Scott Rutt in Washington, D.C.
To contact the writer of this article, click here:
To follow the writer on Twitter, go to
To submit a news tip, send an email to:
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by
For more of Cramer's insights during the Lightning Round, clickhere
At the time of publication, Cramer was long Apple.
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.