Cramer's 'Mad Money' Recap: Bling's the Thing

Nucor CEO Chats

Daniel DiMicco, CEO of steelmaker Nucor (NUE Quote), joined Cramer by telephone. Cramer asked DiMicco if steel imports were threatening Nucor's pricing.

"There's always risk out there in any business," said DiMicco.

"You just boosted the dividend. That to me says you've got confidence," said Cramer.

DiMicco said he is "very, very confident in the future of this company. We've weathered storms before and come through them extremely strong."

Cramer asked about Nucor's interest in Canadian steel producer Dofasco. "I don't want you doing that...you're not going to do any of this takeover game, are you?" asked Cramer. "You're not going to do an overpay, right?"

"We have a very disciplined acquisition strategy," said DiMicco. "We will not overpay." DiMicco said his company has a great track record of acquisitions, and "that won't change."

Cramer summed up the interview saying a recent downgrade of Nucor by J.P. Morgan was arbitrary and wrong, and he believes the stock is headed higher.

Closing Thoughts

Commenting on news after the close, Cramer said Intel's (INTC Quote) quarterly update was unimpressive.

Cramer also isn't enamored with Electronic Arts' (ERTS Quote) acquisition of Jamdat Mobile (JMDT Quote). "Why'd you have to go and do that?" he asked.

Finally, Cramer is now blessing Chesapeake Energy (CHK Quote) "because they did their gigantic equity offering that I so feared."

Lightning Round

Bullish

Cramer was bullish on Toyota Motor (TM Quote), El Paso (EP Quote), Chesapeake Energy (CHK Quote), Ingersoll-Rand (IR Quote), Caterpillar (CAT Quote), Deckers Outdoor (DECK Quote), Texas Instruments (TXN Quote), OraSure Technologies (OSUR Quote), Bank of America (BAC Quote), First Marblehead (FMD Quote), Schering-Plough (SGP Quote), Genentech (DNA Quote), American Science & Engineering (ASEI Quote), Thermo Electron (TMO Quote), L-3 Communications (LLL Quote), Radiant Systems (RADS Quote), Hewlett-Packard (HPQ Quote), Plum Creek Timber (PCL Quote), Weyerhaeuser (WY Quote), Oshkosh Truck (OSK Quote), Salesforce.com (CRM Quote), Sify (SIFY Quote) and China Mobile (CHL Quote).

Bearish

Cramer was bearish on General Motors (GM Quote), Olympic Steel (ZEUS Quote), Pfizer (PFE Quote), Bristol Myers Squibb (BMY Quote), Merck (MRK Quote), H&R Block (HRB Quote), Flamel Technologies (FLML Quote), NCR (NCR Quote), United Natural Foods (UNFI Quote), Abraxas Petroleum (ABP Quote), International Paper (IP Quote), Rambus (RMBS Quote), Ford (F Quote), Oracle (ORCL Quote), EMC (EMC Quote), Cisco Systems (CSCO Quote), RPC (RES Quote), Sun Microsystems (SUNW Quote), Dell (DELL Quote), William Lyon Homes (WLS Quote) and China Techfaith Wireless (CNTF Quote).

For more of Cramer's commentary during the Lightning Round, click here.

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