Everything Jim Cramer said on 'Mad Money,' including manufacturing data, Chinese IPOs, restaurants
"If you're looking for something that might be worth buying in this difficult market ... you could do a lot worse than the best run fast food chains," the host said. "The charts, as interpreted by Bob Lang, suggest that Jack in the Box and Chipotle have more room to run, and McDonald's is worth snapping up into weakness."Scott Mlyn | CNBC
Demand for utility stocks tends to go up as long-term interest rates go down because they are "inversely correlated" to interest rates, the CEO of New York energy providerJohn McAvoy said in an interview with Cramer that some investors view the sector as a "bond alternative" but warned that the sentiment can be cyclical.. "We benefit as a sector as interest rates go down. We get hurt on the other end as interest rates come up.
"So, if you want to buy a restaurant right now, if you want to buy a stock, I'd go over McDonald's with Chipotle," the host said. "But if you're a long-term holder of McDonald's, I'm telling you to ride out the weakness because even if something's wrong, I'm confident [CEO] Steve Easterbrook will fix it. Yes, he's that good, and that — not the chart — is what matters.
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