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
(AAPL), a stock which Cramer owns for his charitable trust,
Lightning RoundCramer 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 IPOIn 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. Follow TheStreet on Twitter and become a fan on Facebook. To submit a news tip, send an email to: email@example.com. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. 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,
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts