Cramer followed up on Breitburn Energy (BBEP), which stumped him in an earlier show. He said that this company's natural gas exposure is worrisome and he'd stick with pipeline players Kinder Morgan Energy Partners (KMP) and Energy Transfer Partners (ETP).
When asked about Sabesp ADS (SBS), a water and sewer company serving Latin America, Cramer said he missed the move and needs a "serious pullback" to consider buying in.Finally, when asked about Renren (RENN), Cramer gave his standard answer to all Chinese stocks. He said he would only own Baidu.com (BIDU).
Lightning RoundCramer was bullish on Abiomed (ABMD), Citigroup (C), International Paper (IP), Boardwalk Partners (BWP) and Travelers Companies (TRV). Cramer was bearish on Lincoln National (LNC) and Applied Materials (AMAT).
'No Free Passes'In his "No Huddle Offense" segment, Cramer said recalled one of his most prized lessons on Wall Street, one that stemmed from the late CNBC host Mark Haines, and said simply "no free passes." Cramer recounted how Haines, back in the heyday of the dot-com boom, didn't give in to the relentless enthusiasm of the day and instead asked the CEOs of newly-minted companies the tough questions, especially if those CEOs were not yet making any profits. That's why, when sitting next to the CEO of the Yelp (YELP) earlier today, Cramer said he was obliged to follow in Haines' footsteps. He said while many investors are excited for the Yelp IPO, the fact remains that this decade-old company has no profits, nor any track record of making money for its shareholders or paying a dividend. If profit is the goal, said Cramer, than owning the stock of Yelp is just too risky for this unproven company. "No free passes," he concluded. --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: firstname.lastname@example.org. To watch replays of Cramer's video segments, visit the Mad Money page on CNBC. Click here to sign up for Jim's Daily Booyah to get the Mad Money recap delivered to your inbox.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
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
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV