Cramer's 'Mad Money' Recap: All Is Not Lost
Carr talked about new innovations in the payments world by saying Heartland welcomes the changes. He said there are currently about 9 million merchants in the U.S., but the addition of so-called micro-merchants could take that number to 25 million. Carr showed off Heartland's mobile payment system that uses a smart phone to allow merchants to process payments even if they lose electricity.
Cramer said Heartland Payment Systems is a great story.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer offered viewers his quick "Top 5" reasons why they shouldn't be sellers in Friday's market.
First, Cramer said stocks are already very oversold, meaning there will be a better time to sell later.
Second, while many stocks will be impacted by the fiscal cliff, others, like international names, will not, which is why it's prudent to buy, not sell, into weakness.
Third, Cramer noted everything gets baked into stock prices eventually, and stocks often bottom before big events occur, not after.
Fourth, Cramer said the higher taxes and spending cuts of the fiscal cliff won't be the end of the world for certain sectors, like health care and those that offer consumers a bargain.
Finally, Cramer said companies with big dividends will likely be able to raise those dividends to cover, at least partially, any higher tax rates from the fiscal cliff.
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-- Written by Scott Rutt in Washington, D.C.
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