Cramer's 'Mad Money' Recap: Maximum Gains From Minimum Competition
NEW YORK (TheStreet) -- Before you buy a stock, stop and think about the company's competition, Jim Cramer warned "Mad Money" viewers Tuesday. Cramer said that in today's market competition matters, and those in cut-throat businesses are getting pummeled.
Cramer's theory was clearly evident in Tuesday's trading with companies such as United Technologies
On the flip side, there's Travelers
Meanwhile, companies with lots of competition, from Coca-Cola
Cramer once again gave the nod to mortgage insurers like Radian Group
Should You Buy Sprint?
With all of the mergers and buyouts now complete, is the new Sprint
Cramer said Sprint is a completely new company now that its Clearwire and SoftBank deals are complete. The old Sprint was a turnaround story, he said, but the new Sprint is a growth story. CEO Dan Hesse is still in charge, and that's a good thing -- but the new company now has more 4G LTE spectrum than all of its competitors combined.
It will likely take Sprint up to a year to fully roll out its LTE network, which is why just about everyone expects the current quarter's results to be a disaster, noted Cramer.