Cramer's 'Mad Money' Recap: Focus on the Positive
Even billionaire Warren Buffett confirmed in an interview today that stocks are the best investments out there while government bonds remain the worst, Cramer said..
He added that what smart investors like Buffett see in stocks is the incredible value being created by companies taking control of their own destinies. That was certainly the case for Hess (HES) , which announced Monday it is spinning off its refining business and going "all in" on its Bakken shale assets. Cramer noted that activist investors at Hess want even more and calling for the company to sell itself entirely, making it a win-win situation for investors.
Meanwhile, companies such as Yahoo! (YHOO) are hitting 52-week highs while CEOs like Marissa Mayer are taking action and turning things around in record time. There's also plenty of merger activity bringing out value, said Cramer, and while today's acquisition of Ferro (FOE) may be a small deal, it's still one in a now-steady stream of deals rewarding shareholders almost daily.
Cramer said the only bear market seems to be in Apple (AAPL) , a stock Cramer owns for his charitable trust, Action Alerts PLUS. He said Apple should use the weakness in its stock and buy back $1 billion worth of shares every week if it really wants to show the world how undervalued those shares really are.
For all these reasons, Cramer said he just can't focus on sideshows like Italy or the government sequester. There are just too many positive things happening to ignore.
Top of the Chart
Investors who still believe in the promise of natural gas for vehicles, whether they be cars or locomotives, need to keep investing in Chart Industries (GTLS) , Cramer told viewers.
While other natural gas stocks have been stumbling, like natural gas engine maker Westport Innovations (WPRT) , down 35% as its 12-liter engines have been delayed, or Clean Energy Fuels (CLNE) , down 32%, Cramer said Chart Industries continues to thrive.
Chart provides the equipment needed to cool natural gas into a liquid form that can be stored or exported, which means its equipment is needed for a host of applications. Cramer said 25% of the company's sales comes from the equipment needed for export, while another 15% comes from equipment used in the initial processing and separation of natural gas as it is first pumped out of the ground.