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

Nucor CEO Chats

Daniel DiMicco, CEO of steelmaker Nucor (NUE), 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) quarterly update was unimpressive.

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

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

Lightning Round

Bullish

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

Bearish

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

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

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