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Cramer's 'Mad Money' Recap: New Playbook (Final)

Parsing the Banking Sector

In the "Off The Charts" segment, Cramer went head to head with colleague Tim Collins over the health of the banking sector, picking out the good, the bad and the ugly stocks of the group.

On the good side, Collins liked Cullen Frost Bankers (CFR - Get Report), a stock that's traded sideways only to recently break through its resistance levels. Collins said the next stop for Cullen Frost could be in the mid-$60. Collins was also bullish on JPMorgan Chase (JPM - Get Report), an Action Alerts PLUS holding. Collins identified a "W" formation in this chart, noting that today's bullish news sent shares through all resistance levels.

In the bad camp were the European banks, as exemplified by the MSCI European Financial ETF (EUFN). Collins said these stocks are meeting stiff resistance at current levels and investors are using any strength to get out of their positions.

Finally, the ugly stock of the banking group was Royal Bank of Scotland (RBS), a stock forming the dreaded rounded-top pattern, signaling that there's a lot more pain ahead, as this stock could give back all of its gains for the year.

Cramer said we're in a stock picker's market and the financials are the perfect example.

Lightning Round

Cramer was bullish on Intel (INTC), Plains All American Pipeline (PAA) and Monster Beverage (MNST).

Cramer was bearish on Telefonica (TEF), Netflix (NFLX), Inergy LP (NRGY) and Diamond Foods (DMND).

Closing Comments

In his "No Huddle Offense" segment, Cramer told investors to "ignore the noise" and look for the root causes of the market's many bull markets. He said that just because Apple is roaring, it doesn't mean that the rest of the tech sector can't also prosper.

He said that rising oil prices aren't enough to kill the rising retail sector. And a slowdown in China isn't enough to slow down the recovery in Goldman Sachs (GS - Get Report).

Cramer said headlines touting that the new Walt Disney (DIS - Get Report) movie, "John Carter" will cause disappointments for shareholders are simply noise. In reality, he said Disney makes its money from ESPN, ABC and theme parks, not from just a single movie.

"Things are better than we think," said Cramer, which is why stocks continue to power higher.

--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, JPMorgan Chase.

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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CFR $60.06 -2.00%
DIS $103.40 -0.37%
GS $159.60 -2.20%
JPM $61.53 -1.60%
AAPL $94.02 -1.20%


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