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Cramer's 'Mad Money' Recap: Global Balancing Act (Final)

Momentum-Building Quarter

In the "Executive Decision" segment, Cramer spoke with Rick Wallace, president and CEO of KLA-Tencor (KLAC - Get Report), which blew away earnings estimates, delivering a seven-cent-a-share earnings beat on a 95% increase in orders from its previous quarter.

Wallace said that he saw momentum building throughout the quarter, with mobility products now accounting for over half of the company's demand. He said the demand for mobile devices, including smartphones, tablets and e-readers is on fire, and when manufacturers need more performance and better battery life, the chipmakers need the next-generation of KLA-Tencor equipment.

Wallace noted that he's seen broad demand for all sorts of mobile devices, something his company has not seen for a long time. He said there's certainly room for lots of devices outside of those made by Apple (AAPL), a stock which Cramer owns for his charitable trust, Action Alerts PLUS .

Wallace also noted that returning cash to shareholders has been a priority for KLA-Tencor since 2005 and the company remains committed to both boosting its dividend and buying back stock as appropriate. He said the company has a huge backlog and great revenues to handle the ups and downs of the business cycle.

Cramer said that KLA-Tencor is one of the most promising tech stories in the market today, adding he remained bullish on the stock.

Lightning Round

Cramer was bullish on Caterpillar (CAT - Get Report), Manitowoc (MTW - Get Report), Cisco Systems (CSCO - Get Report), Under Armour (UA - Get Report), Northern Oil and Gas (NOG - Get Report), EOG Resources (EOG - Get Report), Continental Resources (CLR), International Business Machines (IBM - Get Report) and Annaly Capital (NLY).

Cramer was bearish on Qualcomm (QCOM), Terex (TEX), Polycom (PLCM) and Ares Capital (ARCC).

Some Thoughts on Facebook IPO

In his "No Huddle Offense" segment, Cramer once again opined on the coming Facebook IPO. He said there's no doubt that the company is popular and mainstream, nor that it's a leader in display advertising on the Web. But will its coming IPO be a good one?

Cramer said that question can only be answered when the terms of the deal are disclosed. He said it depends largely on how many shares are issued, and not necessarily by the price they're offered at. He said if the bankers don't get greedy, it's likely to be a good deal, but that also means that shares will be short supply.

"Until we know more," Cramer concluded, "don't make a move."

--Written by Scott Rutt in Washington, D.C.

To contact the writer of this article, click here: Scott Rutt.

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For more of Cramer's insights during the Lightning Round, click here .
At the time of publication, Cramer was long Apple.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for, Inc., and CNBC, and a director and co-founder of All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.
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