This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Cramer's 'Mad Money' Recap: Don't Blame Ben

So why not sell out of Apple? Because Apple is a second-half-of-the-year story with the planned introduction of the next iPhone as well as strong tablet and PC sales. There are even rumors of an Apple-powered television. Cramer said it's better to take some short-term pain in Apple in order to get the longer-term gains in the second half of the year.

But for the rest of tech, Cramer said any short-term pain may lead to longer-tern pain, so it's best to protect yourself now.

Executive Decision

In the "Executive Decision" segment, Cramer sat down with Bill Maloney, Statoil's (STO) vice president of development and production in North America. Statoil is one of the largest off-shore oil drillers in the world and has recently made acquisitions that give it exposure to the red-hot American oil shale fields. Shares of Statoil yield 4.4%.

Maloney said that after years of building up skills and expertise drilling off the coast of Norway, which includes some of the deepest and most hazardous waters, Statoil went looking for places of opportunity to match its strengths. That place turned out to be North America, and the company began expanding in the Gulf of Mexico in 2004, the Marcellus shale in 2008, Eagle Ford in 2009 and, this year, the Bakken.

When asked about the recent decline in the price of oil, Maloney said that the oil business is a long-term business, and as such he's not worried about short-term declines. The same applies to U.S. natural gas, a terrific fuel that has tremendous potential, he said. But while prices are low Statoil is diverting resources elsewhere.

Asked where the most exciting areas in North America are, Maloney called the opportunities in the Bakken shale region of North Dakota "mind-numbingly huge."

Cramer remained bullish on Statoil, calling it a great company with great yield and great growth.

Lightning Round

Here's what Cramer had to say about callers' stocks during the "Lightning Round":

Ross Stores (ROST): "When Ross Stores goes down I want to be a buyer, not a seller."

2 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs