Cramer's 'Mad Money' Recap: Greece's Woes Put Damper on U.S. Markets (Final)

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NEW YORK ( TheStreet) -- "Once again, fabulous news from the U.S. is being overshadowed by European woes," Jim Cramer told the viewers of his "Mad Money" TV show Thursday.

He said that investors just aren't responding with any enthusiasm to good news until after the European markets close, and that makes for tremendous buying opportunities.

To illustrate his point, Cramer highlighted seven companies which reported good news at today's open, only to see their stock price languish until after Europe had closed.

1. Bed Bath & Beyond ( BBY). Cramer said this company reported a killer quarter, bringing in 86 cents a share when Wall Street was only expecting 73 cents a share. Yet shares of Bed Bath opened lower this morning, only to rocket up $1 by lunchtime.

2. TJX Companies ( TJX). Cramer said this discount chain massively raised its guidance this morning, only to open flat before beginning to rally.

3. Goldman Sachs ( GS). Cramer said this company has no connection to Greece, or its bond woes, yet it too stayed still at the open, only to close up $3 a share by day's end.

4. EOG Resources ( EOG). This oil and gas driller received a bump its earnings estimates today, and it too opened flat, at $104 a share, before moving to $107 by midday.

5. Wynn Resorts ( WYNN). Cramer said that Wynn received a major price target boost this morning, but did it move on the news? No, he said, it opened at $81 a share before rocketing later on to $84.

6. Ross Stores ( ROST). Turning back to retail, Cramer said Ross raised its guidance from between 92 cents to 95 cents a share to $1.14 to $1.16 a share, and it too opened flat, only to rally up $1.50 a share by the close.

7. Target ( TGT). Cramer said that Target also reported terrific sales, but saw its shares open unchanged, before heading up $1.

In all of these cases, Cramer said the market's focus on European financial issues led to great buying opportunities and terrific profits for those who were paying attention.

Stimulus Beneficiary

In the "Executive Decision" segment, Cramer once again spoke with Glen Tullman, CEO of Allscripts-Misys Healthcare Solutions ( MDRX), a stock which Cramer recommended on Jan. 22, 2009 and is up 159% since then.

Cramer said that Allscripts' electronic medial records are benefitting from both the federal stimulus and health care reforms, and its story is far from over.

Tullman said that Allscripts is a story of execution, and after delivering $105 million in sales, the company is putting to rest any fears that their market is not continuing to expand and expand rapidly. Tullman said the company is delivering 25% sales growth year over year thanks to their great sales force and fabulous partners.

As federal stimulus money and mandates for electronic health records continue to trickle down to doctors and hospitals, Tullman expects things will get better and better with every passing quarter. He expects 70% of the stimulus money to be spent over the next three years, after which doctors will begin being penalized for not having electronic records.

Tullman reiterated the company's position that electronic records are a big win for patients and physicians as they provide better information and ultimately better care. He said Allscripts is please that its applications will run on Apple's ( AAPL) new iPad, as well as on the iPhone, Blackberry and other devices as well.

Cramer said the Allscripts story continues to make sense, and he thinks the stock is heading still higher.

Commercial Real Estate Plays in California

Continuing his series on opportunities to play California's economic recovery, Cramer focused tonight on commercial real estate. He said that with financing for real estate deals returning and the overall economy in California improving, it'll be a win-win for REITs and others with lots of exposure in the state.

Cramer highlighted BRE Properties ( BRE), which derives 83% of its revenues from California, and Essex Property Trust ( ESS), 81%, as two promising candidates with 4% and 4.3% dividend yields respectively.

Cramer also gave the nod to mall operator Macerich ( MAC) with its 6% yield and Regency Centers ( REG), which operates smaller properties.

Also on Cramer's watch list was PC Business Parks ( PSB), which is seeing strong occupancy gains at its commercial properties.

However, Cramer said he's most excited about Kilroy Realty ( KRC), which is 100% based in California and has the most room to improves. Kilroy also sports a 4.3% dividend yield while investors are waiting for the economy to fully recover.

Delivering on Promises

In a second interview, Cramer sat down with Paul Wright, president and CEO of Eldorado Gold ( EGO), a stock which is up 73% since Cramer recommended it on Feb. 25, 2009 and up 32% since Cramer last spoke with Wright on Aug. 12.

Wright said that Eldorado has earned a reputation of being a conservative gold miner, but also one that delivers on its promises. He said that while production costs for 2010 will be higher than 2009, he said the additional 250,000 ounces of new gold production the company is bringing online will return costs to historic lows.

When asked about the company's investment in China,Wright said that the Chinese have proven to be good partners, as the country is both the largest producer and consumer of gold, but only ranks seventh in gold reserves. He said there continues to be strong demand in China for gold.

Wright also said there's increased demand for gold across the globe, despite the fact that gold is becoming scarcer and more expensive to find and produce.

Cramer said he's still a fan of Eldorado and its growth outlook.

Lightning Round

Cramer was bullish on Nike ( NKE), Sears Holdings ( SHLD), Anadarko Petroleum ( APC), Gap ( GPS), JDS Uniphase ( JDSU), Akamai Technologies ( AKAM), Bank of America ( BAC), Las Vegas Sands ( LVS), Wynn Resorts ( WYNN) and Skyworks Solutions ( SWKS).

He was bearish on Range Resources ( RRC).

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

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 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 mentioned.

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.

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