Cramer's 'Mad Money' Recap: Play It Cool

Click here for an archive of Jim Cramer's Mad Money recaps.

"No one ever made a dime panicking," Jim Cramer told the viewers of his "Mad Money" TV show Tuesday. "And that's why those who sold yesterday want to shoot themselves today."

Cramer described today as the perfect bull market down opening. As soon as the market was down 5% from its recent highs, it recovered, he said. Just as predicted, the tech stocks lead the charge, followed by the banks, the oils and even the industrials, he added.

Cramer said he continues to see strength in Goldman Sachs ( GS) and JPMorgan Chase ( JPM), two stocks he owns for his charitable trust, Action Alerts PLUS , along with Bank of America ( BAC).

In the industrial sector, Cramer said strong comments from Caterpillar ( CAT), especially about strength in China and decent March sales, made him buy more shares for Action Alerts Plus. The only surprise in today's market was high-end retail, with positive comments from Coach ( COH), he said.

Cramer said panic didn't work yesterday, and it won't work tomorrow. "You can't afford to lose your cool," he said.

Deteriorating Fundamentals

When analysts collide, Cramer decides. That's the case with oil giant Halliburton ( HAL), which was both upgraded by Goldman Sachs while at the same time downgraded by an analyst at JPMorgan Chase.

Cramer made the case for both sides before giving his opinion.

On the plus side, the Goldman Sachs analyst, who is new to the job, upgraded the whole sector, citing an early cycle recovery for the group. He put Halliburton at the head of the class due to its reduced rig count and strong balance sheet.

On the negative side, the JPMorgan analyst said he's not expecting an early recovery for the group and sees instead another 3% to 5% erosion in the company's margins.

Cramer said he's siding with JPMorgan. "You can't bet on a turn when the fundamentals are still deteriorating," he said. He told viewers to ring the register on the stock that's already run from $15 to almost $20 a share.

Have a Pepsi

In his regular "Off The Charts" segment, Cramer examined the chart of Coca-Cola ( KO) to see what the big money sees in the stock. He again went head to head with colleague Rick Bensignor, who recently rated the company a buy.

According to Bensignor, Coca-Cola is attractive because the recent lows of 2009 mirror that of lows in 2006, 2004, and 2003, making investors feel comfortable investing at these levels. The company's chart also signals a buy according to the Demark models, another reason big money is likely to buy in.

But Cramer disagrees, favoring instead Action Alerts Plus name Pepsi ( PEP) over Coca-Cola. According to Cramer, Pepsi is ahead of the curve in terms of capitalizing on a North American recovery. With the company purchasing the remaining shares of its bottlers, it's both streamlining operations and getting closer to retailers.

Pepsi is also less international than Coke, giving it more to gain from the U.S. recovery and less exposure to a stronger dollar, he said.

Looking Good

Cramer welcomed Consolidated Edison ( ED) chairman and CEO Kevin Burke to the show to discuss that company's outlook in a new cap-and-trade world. Burke has been one of only a few utility executives that actually support the measures.

Bruke painted a rosy picture at ConEd, stating that including the company's 6.2% dividend, shares are only off 2% so far this year. He said everyone should have a place in their portfolio for a solid income producing stock like ConEd.

When asked about the current economic environment in New York City, the company's primary market, Burke said that sales are off a small percentage year over year, but given the recession New York, are faring very well.

Cutting to the topic of the day, Obama's cap-and-trade initiatives, Burke explained that ConEd stopped burning coal back in the 1970's, and in recent years has divested of all but 5% of its generation needs, instead focusing on only transmission and distribution of electricity, gas and steam.

Given the company has only a small carbon footprint, it will likely be unaffected by cap-and-trade, he said.

Cramer said that's exactly why he's been a fan of ConEd, calling it a solid, dividend payer and a forward thinker.

Lightning Round

Cramer was bullish on Valmont Industries ( VMI), Agnico-Eagle Mines ( AEM), Eldorado Gold ( EGO) and Aon Corp ( AOC).

He was bearish on Yamana Gold ( AUY), Cree ( CREE), Marsh & McLennan ( MMC) and Reynolds American ( RAI).

Check out the latest edition of "Cramer's Take on Top-Searched Stocks" on Stockpickr.

Want more Cramer? Check out Jim's rules and commandments for investing by clicking here.

Read more of Cramer's Mad Money Lightning Round insights.

For "Mad Money" performance statistics and other links, check out Mad Money stats
At the time of publication, Cramer was long Goldman Sachs, JPMorgan Chase, Pepsi and Caterpillar.

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.

If you liked this article you might like

Jim Cramer: We've Got a Battle Ahead of Us, But the Fed Might Resolve It

Jim Cramer: We've Got a Battle Ahead of Us, But the Fed Might Resolve It

Home Depot, Vale, Bank of America: 'Mad Money' Lightning Round

Home Depot, Vale, Bank of America: 'Mad Money' Lightning Round

The Right Stuff: Cramer's 'Mad Money' Recap (Thursday 3/8/18)

The Right Stuff: Cramer's 'Mad Money' Recap (Thursday 3/8/18)

Bulls' Winter of Discontent: Cramer's 'Mad Money' Recap (Wednesday 3/7/18)

Bulls' Winter of Discontent: Cramer's 'Mad Money' Recap (Wednesday 3/7/18)

Maybe This Is Not Really About Inflation -- Market Recon

Maybe This Is Not Really About Inflation -- Market Recon