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March 17, 2010
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| 20:37 EDT |  | NST |
| theflyonthewall.com: | Jim Cramer's "Mad Money" | | Jim Cramer told viewers of his "Mad Money" TV show that he was going to take the pulse of the market to see whether it was truly healthy-- with the DJIA hitting a new high for the year. The checkup consisted of 10 tests that Cramer said he's been using for years: A rally in transports. Strength in banking. Market upgrades in stocks. Leadership in technology. Cash on the sidelines. Strength in mergers. Strength in secondary offerings. Strength in IPOs. Market breadth. And, lastly skepticism at all-time highs. Cramer said he would be worried if there were danger signs in the market, but he said his 10 checkup tests point to more upside coming. Next, Cramer told viewers that sometimes the subjective side of investing is just as important as the analysis. Such is the case with retailer J. Crew (JCG). The company reported a blowout quarter last Tuesday, but Cramer said it was even more telling to listen to the company's conference call, and hear 10 of 16 analysts congratulating CEO Mickey Drexler on a terrific quarter. The CEO drove home the point that consumers are more savvy than ever, demanding value and quality, two things that J. Crew is passionate about. Cramer noted that J. Crew is "out-producting" its competitors by making lasting products that consumers really love. The company is also making its stores easier to shop at, furthering its brand loyalty, and expanding into wedding stores and men's apparel in a big way. With the stock of J. Crew up 386% from its lows of 2009, Cramer said J. Crew is most definitely a buy. MAD MAIL: Cramer followed up on NSTAR (NST), a stock that stumped him in Tuesday's Lightning Round. Cramer blessed the stock, saying that as Massachusetts' largest utility, it has a great dividend yield and should be immune to proposed carbon legislation. Cramer told another viewer that he'd take some profits in Clean Energy Fuels (CLNE) and Westport Innovations (WPRT) after their big runs, but he's still bullish on both companies. LIGHTNING ROUND: (Bullish) PRSP; CREE; WIN; TUP; T; NAL. (Bearish) ISRG; FTR; S. Reference Link :theflyonthewall.com |
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