"Is a hedge fund group above ordinary income tax?" Cramer asked. Dodd said he wasn't certain that taxing capital gains would be productive, saying he wants to "make sure there aren't unintended consequences" to a tax for hedge fund managers.
Dodd concluded the interview by defending Democrats' record on the economy: "If you look back over the years, Democrats have been much better managers of the economy."Foster Wheeler CEO Speaks
Cramer welcomed Ray Milchovich, CEO of Foster Wheeler (FWLT Quote), a "Mad Money" favorite. Cramer noted that the stock had performed exceptionally, but lately there had been speculation that Foster Wheeler's market had been saturated. "Is there any more ahead?" he asked Milchovich. "Every time we released a quarter, the markets that support these businesses continue to be extremely strong," Milchovich replied. He added that "Saudi Aramco ... just announced their intent to spend ninety billion on oil projects," so there are healthy prospects for the company. Milchovich recognized the need for Foster Wheeler to show leadership in the clean-energy domain. He said the company is working on carbon-capture technology to help develop clean coal power and has made a $30 million equity investment in wind farms in Italy. Asked about the company's balance sheet, Milchovich said that Foster Wheeler's leverage ratios are competitive with others in the industry. Cramer asked about Foster Wheeler's global reach. Milchovich said that "75% to 80% of our business is outside of North America. ... We are truly a global company." With strong performance in the Asia-Pacific region, the company is not exclusively dependent on the Middle East.Mad Mail
During the Mad Mail segment of the show, one writer thanked Cramer for his sound investment advice. Cramer replied that even though the market showed weakness this week, "If we take profits, weeks like this do not feel the same." He added that "big runs ... demand, demand profit-taking." A long-term Under Armour (UA Quote) investor wrote in to ask whether Cramer's diminished valuation of Under Armour was due to a bruised ego over [CEO] Kevin Plank's sale of a large volume of shares. "I felt like I was used," Cramer replied. But he stressed that his message had more to do with Under Armour's buildup of inventory. "That's what I'm more concerned about." "You can own it," Cramer said, "but I got to tell you, it may never be good again."
Lightning Round
Cramer was bullish on Celgene (CELG Quote), Barrick Gold (ABX Quote), Lundin Mining (LMC Quote), Yamana (AUY Quote), Aircastle (AYR Quote), Genesis Lease (GLS Quote), Shaw Group (SGR Quote), Exelon (EXC Quote), ConEdison (ED Quote), CVS Caremark (CVS Quote), Textron (TXT Quote), Boeing (BA Quote), EnCana (ECA Quote), Suncor (SU Quote), Honeywell (HON Quote), United Technologies (UTX Quote), MasterCard (MA Quote), L. B. Foster (FSTR Quote) and Foster Wheeler (FWLT Quote). Cramer was bearish on Biovail (BVF Quote), Uranium Resources (URRE Quote), Cameco (CCJ Quote), RiteAid (RAD Quote), Ceradyne (CRDN Quote), American Express (AXP Quote) and Capital One (COF Quote). Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here. For more of Cramer's insights during the Lightning Round, click here.![]() |
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,366.15 | 1,099.92 | 2,173.14 | 33.80 |
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