Even in the midst of a chaotic day in the markets, with the Dow plunging nearly 1,000 points for a brief time and more riots breaking out in Greece, Mad Money’s mission stays the same: There’s always a bull market somewhere, and Cramer’s job is to find it for you.
He’s always looking for stocks that work, regardless of the news cycle, and right now that means companies and sectors that posted the best earnings beats this season. And like Starwood Hotels , Weyerhaeuser and Citigroup, Scotts Mircale-Gro has announced its own upside surprise.
The largest lawn and garden care in the country this morning reported earnings of $1.80 a share, or 34 cents more than the Street was expecting. Not only that, but revenues came in 19% higher than the same quarter in 2009 and management issued increased guidance for the full year. Keep in mind also that this is growing season. Seventy-five percent of Scotts’ revenues are earned between April and September, so this business is just starting to peak.
Cramer wanted to dig deeper in the quarter and find out what’s in store for Scotts this summer. Check out his interview with Chairman and CEO Jim Hagedorn for more on that.
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