Sell Block
Cramer took a minute to comment on Steve Rattner, who wrote an article criticizing Cramer in a Conde Nast publication. Cramer said that the Sell Block is for telling viewers to sell, and that Rattner got the show wrong.
"I'm telling you to sell all the time," Cramer said. "Last Friday during our game plan, I told you to pick up some
Darden (DRI Quote - Cramer on DRI - Stock Picks)." After the stock's quick rise in the past week, Cramer said it's time to ring the register.
Cramer then reminded viewers that he had told them to avoid
Nike (NKE Quote - Cramer on NKE - Stock Picks) and RIM ahead of their earnings. He recommended buying both now that they have gone down.
He reiterated previous bearish calls on
ConAgra (CAG Quote - Cramer on CAG - Stock Picks) and
RiteAid (RAD Quote - Cramer on RAD - Stock Picks).
Stay away from retailers, Cramer said. "As far as I'm concerned, this group cannot be owned until we start seeing actual store closings," he said. He warned viewers to stay away from
J.C. Penney (JCP Quote - Cramer on JCP - Stock Picks),
Sears (SHLD Quote - Cramer on SHLD - Stock Picks),
Kohl's (KSS Quote - Cramer on KSS - Stock Picks) and
Dick's (DKS Quote - Cramer on DKS - Stock Picks).
Apogee's Rough Ride
Cramer recommended
Apogee (APOG Quote - Cramer on APOG - Stock Picks) on April 28 as a green-building play. Apogee has fallen 16% since recommendation. He welcomed Russell Huffer, Apogee Chairman CEO, to the show to discuss his business.
Huffer said his business cuts the amount of heating and air conditioning required in buildings. He said that the quarter missed the Street expectation, but met the company's expectation. He said that the company is a long-term investment but his backlogs are bullish signs.
Cramer said investors should wait another quarter. "Right now we're in don't-buy mode," he said.
Lightning Round
Cramer was bullish on
Tupperware (TUP Quote - Cramer on TUP - Stock Picks),
Starbucks (SBUX Quote - Cramer on SBUX - Stock Picks),
Warren Resources (WRES Quote - Cramer on WRES - Stock Picks), Heinz,
General Mills (GIS Quote - Cramer on GIS - Stock Picks),
Frontline (FRO Quote - Cramer on FRO - Stock Picks)
He was bearish on
Penn National Gaming (PENN Quote - Cramer on PENN - Stock Picks) and
Hudson City Bancorp (HCBK Quote - Cramer on HCBK - Stock Picks).
Want more Cramer? Check out Jim's rules and commandments for investing by
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For more of Cramer's insights during the Lightning Round, click here.