Cramer's 'Mad Money' Recap: Be Ready for the Turn
Cramer said this portfolio needed a stock in the oil patch, something like MarkWest Energy (MWE) .
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said the worst may now be over for investors in Facebook (FB) and the best may be yet to come.
That was his takeaway after the lockup expiration of nearly 770 million shares of stock not only didn't tank the stock but actually caused it to rally up 12% in what was otherwise a horrible market.
Cramer said there are a few reasons why this occurred. He said first, the lockup was well known by all and therefore took no one by surprise. Second, many of the insiders who were able to sell likely already hedged their positions and didn't need to sell today. Finally, Cramer said there does indeed appear to be a turn in Facebook's mobile ad initiatives, something that would be terrific for shareholders.
Given this difficult market, Cramer said he would only be a buyer of Facebook on weakness, but indeed, the worst may now be over for the company and its struggle stock.
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-- Written by Scott Rutt in Washington, D.C.
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