Cramer's 'Mad Money' Recap: Ignore the Headlines
NEW YORK (TheStreet) -- The media accentuate the negatives and obscures the positives, Jim Cramer said on "Mad Money" Monday. In the end, those who listen are only losing money.
Cramer said the stock market is remarkably resilient, but you'd never know it by following the media. The press has never found a negative article it didn't like, while ignoring all the positives.
Net interest margins are on the rise, and that's great news for the banks -- but it's not being talked about anywhere in the media, Cramer continued. Nowhere but the stock market can you make a 50% gain in a single day like you did if you were a shareholder of Onyx Pharmaceuticals
There have been remarkable rallies in the rails and the transports and the drug stocks. Meanwhile, Boeing
Yes, housing is weak, said Cramer, but even that can't last forever as people need more homes than we're currently building.
So forget the headlines, Cramer concluded, focus in on the things that are going right and you're likely to be handsomely rewarded.
A Delicious Restaurant Stock
Looking for the best-performing IPO of the year? Believe it or not, it's Noodles & Company
Cramer said Noodles & Company has all the makings of the next great restaurant chain. It features healthy options in the style of Panera Bread
Noodles current has just 343 locations in 26 states and plans to open another 44 to 50 restaurants this year. That pegs its growth at 14.3%, noted Cramer, the same as Chipotle at its peak.