This column was originally published on RealMoney on Nov. 1 at 10:17 a.m. EST. It's being republished as a bonus for TheStreet.com readers.
Memo to the
: Please do
release. Please. I beg of you. Because I am very concerned that you will tighten interest rates immediately if you do. With that number, the consumer is not just swinging into high gear, he's going
He's buying left and right!
When you couple that with the bottom in housing -- remember, that's my view of what's happening there -- and the surge in precious metals, you get a scenario that, if I were at the Fed, would make me consider another tightening. There are tons and tons of better than expected numbers. This is not one of them. This is one of those
"you have no idea what our normalized earnings power can be"
stories that totally explains the levitation that has occurred in this stock since it came public.
This piece of merchandise was severely mispriced in favor of the buyers, not coincidentally, because it came on the heels of the disastrous
deal, which was totally a giveaway for the issuer. MasterCard is a reminder of how much money can be
when the bankers decide to be charitable and the company doesn't want to burn its newfound shareholders (the opposite of what Vonage did).
Always be on the lookout for IPOs that are tepid, like MasterCard's, like
. Those are the best bets because you can get a lot of shares and build a nice position without paying up.
What an earnings beat! What a great measure of spending -- aided, of course, by lower gas prices. What a repudiation of the
numbers! What a game!
If you love following stocks as much as I do and want to help me help people make money, you're someone I need. I'm looking for an experienced research assistant based in the New York metro area to help me out. (CFAs welcome.) Please send your resum
and cover letter to
At the time of publication, Cramer had no positions in any of the stocks mentioned.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, 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. Listen to Cramer's RealMoney Radio show on your computer; just click
here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click
here to order Cramer's latest 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
TheStreet.com 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 TheStreet.com.