Lightning RoundHere's what Cramer had to say about caller's stocks during the "Lightning Round": Corning (GLW): "It's a challenged company with TV sales weak. I'm going to say don't buy."
Visa (V): "Visa is terrific. Every time it goes down, buy some."
Facebook (FB): "This is an overvalued stock. It's OK, not great."
Kodiak Oil & Gas (KOG): "I think oil is going to $85 a barrel. That makes Kodiak a spec. "VelocityShares Daily 2X VIX (TVIX): "I don't like to trade that stuff. I have no edge so I can't take a position." Gamestop (GME): "I think that GameStop is in a very difficult position. Don't want to touch it." Citigroup (C): "Long-term upside, yes, but there's no dividend protection so I'm not going to recommend it." Electronic Arts (EA): "I think they're cheap. They have great brands that are worth more broken up."
Avoid These StocksIn the Thursday "Sell Block" segment, Cramer highlighted several stocks that investors need to avoid at all costs. Cramer said Best Buy (BBY) has a broken business model and should be sold at all costs. He said same-store sales, not cash flow, is the key metric to watch, and Best Buy's sales plummeted 5.3% in its most recent quarter. Cramer was also negative on First Solar (FSLR), saying this industry still needs government subsidies to survive and those subsidies are drying up quick. The estimates are still too high, he warned, and First Solar is losing money. Cramer also put three stocks in the penalty box, saying investors need to wait at least one quarter before pulling the trigger. He said Mako Surgical (MAKO) stumbled in its last quarter, so he needs to see whether bigger problems exist. The same applies to Deckers Outdoor (DECK) where the company's Ugg boots may or may not be making a comeback. Finally, Cramer thinks Fossil (FOSL), which is levered to Europe, is another wait-and-see situation.
The J. Crew ChiefIn a special interview, Cramer sat down with CNBC colleague David Faber to discuss Faber's latest documentary on J. Crew (JCG) CEO Millard (Mickey) Drexler, which debuts Thursday evening. Faber said Drexler, while unknown to many, is one of the greatest retailers of our generation. He said Drexler's work turning around Gap (GPS) would have been noteworthy enough, but Drexler has continued to innovate and succeed in the cut-throat retail world. --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. Click here to sign up for Jim's Daily Booyah to get the Mad Money recap delivered to your inbox.
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