Cramer's 'Mad Money' Recap: Pulse of the Market

Search Jim Cramer's Mad Money trading recommendations using ourexclusive Mad Money Stock Screener and watch Jim Cramer's Mad Money Post Game videoexclusively on TheStreet.com.


Editor's Note: Because of CNBC's Olympics coverage, Cramer's "Mad Money" show was rescheduled to noon, EST.

NEW YORK ( TheStreet) -- In a market where good news on the U.S. economic front is being overshadowed by global economic worries, Jim Cramer told the viewers of his "Mad Money" TV show that there are still reasons to like stocks.

In the start of two weeks of special mid-day episodes of "Mad Money" during the Olympics, Cramer spoke with CNBC's Bob Pisani for a real-time take on what's really moving the markets.

Pisani asked candidly, "where did the correction go?" After last week's turbulence, Pisani said the markets are calming down and stabilizing quite a bit. He said the rise in commodity prices, from oil to gold to copper, seem to be what most traders are focused on since they're often seen as the barometer for global demand.

Cramer also cited phenomenal growth from restauranteur Darden ( DRI), and Simon Property Group's ( SPG) takeover of General Growth Properties as two other bright spots in the market, as is Mitsui & Company's ( MITSU) deal with Anadarko ( APC) for drilling rights in the Marcellus shale fields.

Pisani and Cramer both agreed that overall, the markets are extremely frustrating, with stocks seemingly ignoring logic and fundamentals, trading instead on the whims of global news. Perhaps that's why do many professionals are sitting on the sidelines, they theorized.

Gaining Momentum

In the "Executive Decision" segment, Cramer spoke with Duncan Neiderauer, director and CEO of NYSE Euronext ( NYX), which just beat earnings estimates and raised guidance for the third consecutive quarter.

Neiderauer said the NYSE is finally starting to get some momentum, and after a long journey, the company has revenues up and expenses down. He noted that just a few years ago, 80% of the company's revenues came from listing fees, but today, 80% of their revenues come from derivatives, futures and options. He said that shareholders have been very patient, but now they're finally in a position to be rewarded.

Neiderauer said that the metric to watch for the NYSE is no longer market share, which had been the benchmark for the exchange for many years, but rather derivatives volumes and the futures markets.

When asked whether the tone in Washington is helping or hurting the recovery on Wall Street, Neiderauer characterized it as a mixed bag. He said he understands the need to create jobs and reform the markets, but he cannot support additional transaction taxes and some other proposals being floated around in Washington.

Well-Positioned for Growth

In a second interview, Cramer spoke with Greg Wasson, president and CEO of Walgreen ( WAG), the nation's largest drugstore chain, which is on the front lines of health care in America.

Wasson painted a rosy picture for Walgreen, saying the the company is very well positioned, with 50% of the country's population now within two miles of the company's 7100 neighborhood drug stores. He said Walgreen's has administered a staggering 7.5 million seasonal and H1N1 flu shots this year as part of their ongoing efforts to serve their communities.

Wasson was also upbeat about Walgreen's store upgrades. He said that 640 of the company's stores have the cleaners, more upscale look that makes things easier to find and focuses on solutions for its customers. Wasson said in its core categories, such as vitamins, health care and skin care, they're seeing encouraging results.

Cramer called Walgreen's a bargain, trading at just 12 to 13 times its earnings. "There are a lot of good things coming at Walgreen's," he said.

Big Natural Gas Deal

In a third interview, Cramer spoke with Jim Hackett, chairman, president and CEO of Anadarko Petroluem ( APC), about the company's recently announced deal with Mitsui & Company ( MITSU).

Hackett said the Mitsui deal validates Anadarko's oil shale strategy, which values the company's Marcellus properties at over $4.5 billion. He said Anadarko and Mitsui have worked together in other parts of the world and it's happy to have them as a partner domestically as well.

Hackett and Cramer agreed that all of the recent foreign interest in America's huge natural gas reserves should be a wake up call for Washington, where both the Obama administration and Congress, need to take action to help natural gas become more prevalent before the U.S. becomes an exporter of its biggest natural resource.

Hackett said things seem to be moving in the right direction in Washington, but action needs to be taken. He said natural gas is a great answer for America's national security and job creation problems.

Cramer called Anadarko a huge performer, and he also gave the nod to Range Resources ( RRC) as another great natural gas company to own.

Other Observations

Following the real-time pulse of the market, Cramer said that Huntington Bancshares ( HBAN) remains his No. 1 speculative stock for the year.

He also had positive comments for Sirius XM Radio ( SIRI), where he said the balance sheet is improving, and for Intel ( INTC), where the semiconductors continue to rally.

Cramer had cautious words for Adobe ( ADBE), as that company continues to butt heads with Apple ( AAPL), a stock, which he owns for his charitable trust, Action Alerts PLUS, over the the future of web video standards. Cramer said he continues to like Apple, as the company is once again breaking out to the upside.

-- Written by Scott Rutt in Washington D.C.

To watch replays of Cramer's video segments, visit the Mad Moneypage on CNBC .

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

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.

More from Jim Cramer

Video: Jim Cramer Reacts to Tiffany's Better Than Expected Earnings

Video: Jim Cramer Reacts to Tiffany's Better Than Expected Earnings

Jim Cramer: Union Pacific Is Positive on NAFTA Talks

Jim Cramer: Union Pacific Is Positive on NAFTA Talks

Jim Cramer: I Remain Constructive on Micron Shares

Jim Cramer: I Remain Constructive on Micron Shares

Video: Jim Cramer on Why the Market Opened Lower on Wednesday

Video: Jim Cramer on Why the Market Opened Lower on Wednesday

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific