Cramer: Your Post-IPO Zipcar and Arcos Dorados Plays
There was big IPO news Thursday as car-rental firm Zipcar surged over 60 percent while the largest franchisee of McDonald's, Arcos Dorados soared more than 30 percent.
So if you got in do you sell and take the pop? If you didn't, can you still buy in? Mad Money's Jim Cramer bought both and he weighed in on Thursday's Stop Trading!
"There's usually a second day move — I'd sell half right here and then the second half tomorrow," Cramer said. "The brokers don't want you to flip. You know what? So what. This is one of those businesses where it's a very rare deal that goes up on day three, and a lot of deals lose a lot of enthusiasm and there will be more deals behind it. We'll get the next ones."
In the rest of the market, Cramer noted that VF Corp. and Deckers Outdoor are both around 52-week highs, which he said is a good indicator of the anti-commodities market broadening.
"To me that says the correction of the commodities market is still ongoing, do not fear, it's good," Cramer said. "We have a transferrence of a few companies that were really making a lot of money because commodities kept going up to a lot of other companies that are beginning to do well."
And a quick note on domestic drillers: "Domestic drillers are on fire. Do not sell them just because oil's coming down," Cramer said.
On Thursday's Mad Money at 6 p.m. ET, Cramer talks with Copano Energy President and CEO Bruce Northcutt.
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