Cramer's 'Mad Money' Recap: A Plea for Accountability (Final)

Off the Charts

In the "Off The Charts" segment, Cramer went head to head with colleague Dan Fitzpatrick over the chart of the entire Nasdaq Composite Index to see if the technicals, or the fundamentals, are in control of the rally in technology.

According to Fitzpatrick, after a brief resting phase, the NASDAQ has broken out to the upside and is poised for a 7% move to 1,584 before it's due for a pullback. Using a metric called "measured moves," Fitzpatrick estimated the size of the upcoming NASDAQ rally based on the size of its previous rally.

Cramer said he agrees with Fitzpatrick's call that the tech rally is going to continue, but he asked why play it with ETFs such as the PowerShares QQQ (QQQQ Quote), when you could play it with the best stock in the Nasdaq?

Cramer said Apple (AAPL Quote) is by far the most promising stock in the Nasdaq and he'd put his money there. According to an analyst at Morgan Stanley, Apple is poised to dominate the move to mobile Internet with its iPhone, and she has a $180 price target on the stock.

Cramer said he agrees with the research, noting that the iPhone is set to debut in China next week and saying iPods also continue to do well. Trading at just 17 times earnings, with $29 billion in cash on the books, Cramer said investors can't afford not to own Apple.

A Menu for Growth

Cramer welcomed Andy Puzder, CEO of CKE Restaurants (CKR Quote), which Cramer recommend on May 22 at $7.73 a share. In just two short weeks, that call is already up a quick 16%.

Puzder said he has real growth plans for CKE, including over 300 franchise stores and 70 company-owned stores in the U.S., and another 300 locations internationally. He said he's excited to be working on the company's first stores in the New York area.

Puzder said the company is also sticking to its quality, and has no plans to lower quality or portion sizes in order to hit lower price points. He said the company's sexy ad campaigns are working to reach its target market of 18 to 35 year old males.

When asked about business, Puzder agreed with Cramer's theory that a concentration of locations in California has been hurting sales, but as the economy recovers, so will the company's bottom line.

Finally, after a taste test of the company's Carl's Jr burgers, Cramer retracted his earlier statements about the chain and said that he did in fact, enjoy the company's food.