Cramer's 'Mad Money' Recap: Teflon Stocks

The reason for its consistent earnings pattern is one person: the CEO, Mackey McDonald, he said. But now McDonald is handing over his position to the COO, Cramer said. While the Street seems to be uneasy about the transition, Cramer said he expects it will be "seamless."

"If ever a stock didn't deserve to trade down upon the CEO leaving, it is VF Corp," he said.

Cramer brought on VFC's McDonald to the show and asked the chief executive about his company's last quarter.

"We had a great third quarter, we projected a great fourth quarter and we raised guidance for next year," McDonald said.

Further, he said he believes VFC is different from most other apparel companies in that it has a "large and growing" international business and a successful track record of bringing in lifestyle acquisitions.

There's a lot of concern about consumer spending, and this has created volatility in the market, "but companies like VFC are winning like we did in the third quarter," McDonald said.

"Don't sell [this stock] for the [CEO] transition," Cramer urged. It is the only retail stock he said he wants to own, and suggested market players pick it up under $80. The stock closed at $82.27.

Mad Mail

In his "Mad Mail" segment, Cramer told an emailer that Intel (INTC Quote), Cisco (CSCO Quote) and Hewlett-Packard (HPQ Quote), the last of which he owns for his charitable trust, should all "creep up" over time. "They are city driver stocks," he said.

He told another viewer that margins are not and should never be considered cash. Further, being fully invested is not right in this market, Cramer said.

Responding to another mailer, athenahealth (ATHN Quote) counts as a health care play, he said.

Cramer said he likes the stock, and he believes its quarter is going to be good. At the same time, he advised buying only half of a position before its Nov. 1 earnings conference, because lately he said it's had some quarters that turned out to be not as good as he was expecting.

Lightning Round

Cramer was bullish on Intuitive Surgical (ISRG Quote), Oracle (ORCL Quote), VMware (VMW Quote) and EMC (EMC Quote).

Cramer was bearish on Superior Offshore (DEEP Quote), Corning (GLW Quote), Accuray (ARAY Quote), Compellent Technologies (CML Quote), Level 3 Communications (LVLT Quote) and Martha Stewart Living (MSO Quote).

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

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