Beyond the numbers, Cramer noted Diageo also has the least exposure to Europe, just 21% of sales, while having the largest exposure to emerging markets at 40%. With 58% gross margins, Cramer said Diageo would be his way to play this red-hot sector.
Despite this, Cramer said that while Diageo has had a great run he would wait for a pullback before pulling the trigger.
Here's what Cramer had to say about callers' stocks during the "Lightning Round":
: "It's time for more Wells Fargo!"
Magnum Hunter Resources
: "It's a great spec on oil. Oil needs to hit $110 before it'll really kick in though."
: "Come on. That was the first good quarter that you could sell off of. I'm a seller, not a buyer. "
: "Very disappointing. I'll be revisiting this one."
American Capital Agency
: "That yield is good. I like AGNC. It's done a good job."
: "I like this model and I think it's OK. I would dip my toe in it here."
: "I am not going to go against Oracle in the fourth quarter when it's seasonally strong."
: "I think it's fine. This is a residential REIT."
: "That is a terrific company with a great yield. Safety never takes a vacation."
In the "Mad Mail" viewer feedback segment, Cramer followed up on
, a stock that stumped him on an earlier show. Cramer said he likes this company. He was also bullish on
, a company that will be converting itself into a real estate investment trust in the near future.
His final stumper,
. Cramer said this company could have a nice spike higher during the fall season.
When asked about
Kodiak Oil & Gas
, Cramer said this stock has been too hot and needs to cool off before investors buy in. Likewise with
, where Cramer advised selling half a position and letting the rest run.