Cramer's 'Mad Money' Recap: The Market's Inconvenient Truth (Final)

Click here for an archive of Jim Cramer's Mad Money recaps. Click here to get Jim Cramer's Mad Money Post Game video exclusively on TheStreet.com.


NEW YORK ( TheStreet) -- Jim Cramer told the viewers of his "Mad Money" TV show Thursday that he's tired of the media's endless badmouthing of practically every company that has something positive to say.

He told investors to forget the negativity and instead revel in the miraculous results companies have been posting.

Wal-Mart ( WMT), for example, delivered terrific earnings and noted a better-than- expected back-to-school shopping season, but the media seems focused on slumping same-store sales, he said.

Cramer Clearing House All things Cramer Mad Money Recap Trade With Cramer Free

Macy's ( M), is another retailer that blew away earnings, while the media is zeroed in on the company tempering expectations, he said.

Cramer said analysts are still worried about Urban Outfitters ( URBN) despite the fact it posted earnings that were much better than anyone expected.

Cramer said the negativity also extends beyond retail to companies like Caterpillar ( CAT). He said at this point in the economic cycle, Caterpillar should be losing money, but it's not. Instead, through sizeable cost cutting, the company remains profitable. Cramer said the media is missing the big picture by focusing on sales.

Then there's the badmouthing of "Cash For Clunkers," he said. "Isn't it impressive that people are shopping for cars at all," he asked.

He also said people are still "worried" about Ford ( F), which had momentum even before the Clunker's program.

Cramer said the media just wants it all, but unfortunately you can't have it all at this point in the recovery. He said the real story, the one the media "should" be reporting on, is that all of these companies are still alive and kicking at all.

Anti-Trust Worries

In the Thursday "Sell Block" segment, Cramer said sometimes a company's biggest threat doesn't come from the economy or a competitor, it comes from Washington.

He said that seed giant Monsanto ( MON) might be on a collision course with the Justice Department, and investors need to take notice.

Cramer said he's been a big fan of Monsanto, partially due to the fact that the company has a practical monopoly on genetically engineered seeds and is years ahead in its technology. But with Obama's Justice Department now taking a hard line on antitrust enforcement, these once positives may now be negatives.

Recent rhetoric from Washington has stated that the government may be taking a hard look into the marketing of genetically altered seeds, Monsanto's bread and butter. As issue is the company's practice of focusing farmers to destroy unused seeds and not use them the following year. Making matters worse, the company just pushed through a staggering 42% price increase on its latest seeds.

But Cramer said oddly, neither Monsanto's conference calls, nor any Wall Street research, has even mentioned these warnings from Washington as a potential threat, and that leaves the stock vulnerable. He said Monsanto might be in a tough spot, given that its monopoly and practices do appear to be anti-competitive.

Cramer said he still likes Monsanto's story, but given the risks, advises investors to take profits.

New Life

Investors looking for a green energy stock that can make them money need to look no further than Fuel Systems Solutions ( FSYS), said Cramer.

He said new initiatives in both Washington and Europe will finally help realize some of the promise of natural gas and propel Fuel Systems higher.

Cramer said he was wrong when he last recommended the stock in August, 2008 at $36.50 a share. He said he was confident that Obama would endorse natural gas, but when that failed to happen, the stock crated to $10 a share before recovering back into the $30's. "I jumped the gun," he said.

But now there's a new natural gas act working its way through Congress, and he's confident that the alternative fuel will get its due. The bill, if passed, will extend both tax incentives and credits for natural gas vehicles and infrastructure, and mandates that 50% of the government's vehicles convert to the fuel in the coming years.

Cramer said this would be huge for Fuel Systems, which makes the parts needed to make this happen.

Also on Cramer's radar are new standards in Europe, which also bolsters natural gas's position in the race for alternative energy. Likewise, Fuel Systems delivered a great quarter, beating estimates by 13 cents a share.

Cramer said there's no hurry to buy Fuel Systems, as the bill in Congress will not be passed tomorrow. He called the company a "strong, but speculative" play.

Back On

Cramer took a moment to opine on on Orexigen Therapeutics ( OREX), which stumped him in an earlier lightning round. He said after receiving positive results with its obesity and diabetes drugs, the company might be worth speculating on.

Cramer said Orexigen is a gamble, but said the company's drugs do appear to be promising and fit in nicely with Obama's initiatives to contain healthcare costs by treating treatable conditions, like obesity, earlier.

With the stock already up 42% on the recent good news, Cramer said investors should take profits now and buy in at lower levels. He advised buying in increments and using limit orders. "Don't chase the stock," he cautioned.

Lightning Round

Cramer was bullish on Atmos Energy ( ATO), Dominion Resources ( D), Hasbro ( HAS), Simpletech ( STEC), Micron Technology ( MU), Taiwan Semiconductor ( TSM), Potash ( POT), United Parcel Service ( UPS), Alcoa ( AA), Dow Chemical ( DOW) and International Paper ( IP).

He was bearish on Mattel ( MAT), China Green Agriculture ( CGA) and American International Group ( AIG).

-- Written by Scott Rutt in Washington

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

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

For more of Cramer's insights during the Lightning Round, click here .

At the time of publication, Cramer was not long any stock.

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.

More from Jim Cramer

Four Stocks Poised for Big Gains: Cramer's 'Off the Charts'

Four Stocks Poised for Big Gains: Cramer's 'Off the Charts'

Jim Cramer's Investing Rule #4: Buy Damaged Stocks, Not Damaged Companies

Jim Cramer's Investing Rule #4: Buy Damaged Stocks, Not Damaged Companies

Jim Cramer's Investing Rule #3: Don't Buy Stocks All at Once

Jim Cramer's Investing Rule #3: Don't Buy Stocks All at Once

Jim Cramer's Investing Rule #2: It's OK to Pay Taxes

Jim Cramer's Investing Rule #2: It's OK to Pay Taxes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes