Jim Cramer's 'Mad Money' Recap: Major Moves on Lesser News
NEW YORK (TheStreet) -- The markets are seeing a lot of major moves on very little news, Jim Cramer said on "Mad Money" Tuesday.
Cramer said there's a revaluation of stocks underway, the likes of which we haven't seen in a very long time. He said that certain old-line names are seeing new life and new highs.
Among the big movers: Best Buy
Others on Cramer's list include Chipotle Mexican Grill
Last on Cramer's list of standouts is Schlumberger
Cramer said all of these are good companies that have gotten even better in recent months. The market is clearly listening.
Back From the Dead
What ever happened to Cramer's "F.A.D.S. C.A.N." list of growth stocks from 2010?
Cramer said the list -- which included F5 Networks
Chipotle was an unstoppable momentum name until it faltered during the summer of 2012. Since then the momentum is back and this stock has a lot more runway ahead of it, Cramer said. Apple, a holding in Cramer's charitable portfolio, Action Alerts PLUS, also has been working its way back from when shares fell to below $400. With the company delivering a strong line of updated products, Cramer said it's a steal at 8.5 times earnings.