Here's what Cramer had to say about callers' stocks during the "Lightning Round":
(WEN): "I think Wendy's is cheap and it's a buy here."
(RRD): "This used to be a great growth company but I don't see any growth."
: "Don't let Sprint go. It's reasonable for it to pull back, but if that happens you buy more. Sprint goes higher."
: "Buy half here and the rest on a pullback. "
: "No, no. They failed to deliver and I don't like the growth prospects there."
Bank of America
: "It's not my favorite. They don't have any earnings momentum. It'll come back eventually."
: "It has not acted well. I need to hear from their CEO again. Otherwise, don't buy. "
Weeding Through Possibilities
In the "Executive Decision" segment, Cramer spoke with Charles Foster, chairman, president and CEO of
Charles River Labs
(CRL - Get Report)
, a company that helps big pharma weed through thousands of drug possibilities to find the chosen few with high probabilities of success.
Foster explained that Charles River changes the value proposition for big drug makers by saving them both time and money through outsourcing much of their pre-clinical testing. In times past, he said, if a drug maker had eight drug variants, they'd develop all eight. Now the process must be refined to a single candidate as it's simply too costly to develop more than one.
Charles River aims to partner with the majority of major drug makers, said Foster, and outsource the majority of their pre-clinical testing work. He predicted growth for the company in the mid-single digits for the next three years, with profit margins hovering around 20%.
Cramer said while it's often hard to invest in biotech companies, Charles River lowers the risk by serving all of them. He is also a big fan of the company's share buyback program, which has already retired 28% of it's outstanding shares.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer answered the question on every investor's mind: Does the selection of Rep. Paul Ryan as running mate to presumptive Republican presidential candidate Mitt Romney matter to the markets? In a word, no.