Cramer's 'Mad Money' Recap: There's No Place Like Home Stocks
Cramer continued his support for Saks.
Here's what Cramer had to say about callers' stocks during the "Lightning Round":
Michael Kors (KORS): "Stock's going higher. That one could go to new highs."
AmeriGas Partners (APU): "I'm not a big fan of their pipelines, but I'm going to say it's OK."Titan International (TWI): "It's an inexpensive stock. I wouldn't call it a big buy." Morgan Stanley (MS): "No. I'm not going to go there. There's no catalyst to buy it." Church & Dwight (CHD): "I'm surprised their quarter wasn't better. I'm going to say I need to see another quarter before I can recommend it."
A Stock With EnergyIn his second "Executive Decision" segment, Cramer spoke with John Schiller, chairman and CEO of Energy XXI (EXXI), an off-shore oil and gas driller that delivered a three-cents-a-share earnings beat on a 21% rise in revenue and record production volumes. Asked why shares of Energy XXI remain in the dumps despite the company's great performance, Schiller said the markets have fallen in love with the shale oil companies and have forgotten about the Gulf of Mexico. He said Energy XXI continues to use new technology on older oil fields and is having great success at getting more oil out of the ground. When asked about Energy XXI's future plans, Schiller said the company continues to look for acquisitions that are a good fit for their technology. He explained that while the major oil companies may find an oil field unprofitable when compared to their other fields, Energy XXI can take the same field and make it profitable thanks to a lower cost structure. Schiller said the markets will eventually reward Energy XXI, as the company's horizontal drilling technology continues to yield great results. Finally, when asked whether North America could become self-sufficient in energy, Schiller agreed with Cramer's assessment that with some hard work that goal is well within reach. Cramer said Energy XXI is a cheap stock that should be on every investor's radar.
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer opined on the dramatic differences between Google (GOOG) and Groupon (GRPN). Cramer said that after years of seemingly losing its way, Google is now back in the game, making smart acquisitions like Zagat and now Frommer's, taking great offline content and monetizing it online. He said the Zagat and Frommer's combination could give rival Yelp (YELP) a run for its money.
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