Mad Money with Jim Cramer - MAD CAP RECAP - The Official Mad Money Blog
RSS FEED
RECENT POSTS
- Don’t Trust Buybacks
- Buying the Right Sell-Off Stocks
- Buy Broken Stocks, Not Broken Companies
- The Biggest Market Myth There Is?
- The Key to a Successful Turnaround
- Lightning Round: Corning, Visa, NYSE Euronext and More
- Cramer’s 3 Stocks to Avoid
- Cramer: Play Defense with B&G Foods
- Cramer: Chico’s Proves Ailing Retailers Can Make a Comeback
- Cramer's Advice for the SEC
MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMERS SOUNDBOARDAdmit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.
CHECK OUT OUR PHOTOSCheck out Cramer on set, back to school, behind the scenes and more.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It's Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money's mobile. Get show highlights sent to your phone.
Cramer: Buy These Banks, If...
Text Size 
Web Editor, Mad Money
 |
The “banking group has fallen totally out of favor,” Cramer said during Monday’s Stop Trading!. So much so that the regional names now look cheap enough to buy.
But only “if they can finance their balance sheet the way that Zions is doing,” Cramer said.
Zions Bancorp [ZION
Loading...
()
] on Monday announced it would exchange about $140 million of its preferred shares for common stock, thereby increasing its tangible common equity.
Cramer also mentioned that so-called shadow housing inventory shouldn’t be the concern it appears to be on Wall Street. Not when regulators are offering forbearance to the banks that own these properties. In such a case, the homes don’t count as inventory, he said, and therefore investors shouldn’t worry about them flooding the market and sabotaging a housing recovery.
“This is the great untold story of this period,” Cramer said. The banks “don’t have to sell the homes.”
In retail, consumers are spending, Cramer said, pointing to good reports from Williams-Sonoma [WSM
Loading...
()
], Costco [COST
Loading...
()
] and many apparel and footwear stores. He said the doom and gloom on Wall Street was a product of recent warm weather, which may have slowed sales in the sector.
But when the temperature drops, Cramer said, “you’re just going to be blown away by numbers.”
Call Cramer: 1-800-743-CNBC
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes
