: "I'll give you
which has a good yield, good management and is less expensive."
World Wrestling Entertainment
: "No. I don't think this stock is worth owning. It has no growth."
: "There are some lockups expiring. I can't opine on the stock ahead of that. Lower prices beckon."
: "I do like Home Depot. I think it's inexpensive. I would buy it under $60."
: "They have a terrific yield and I think the business is a good one. "
Off The Charts
In the "Off The Charts" segment, Cramer went head to head with colleague Carley Garner over future of oil prices to determine which is right, last month's sell-off or today's strong rally.
Using a weekly chart of the West Texas Intermediary, or WTI, crude futures, Garner identified a pattern where speculators piled into oil when the unrest in the Middle East in June began, only to leave
shortly thereafter. She identified a similar pattern now, indicating that the selling in oil may not yet be done.
Garner used the "Commitments of Traders" report put out by the commodities exchange to determine that there are still many long positions being held by speculators in oil, which increases the odds that more liquidation is coming soon. Garner identified $80 a barrel as a key level of support for oil and felt the commodity could retest those levels.
The daily chart of the WTI also confirmed Garner's thesis as she identified a descending wedge pattern and another confirmation of an $80 floor. According to Garner, any rally in oil should be sold.
Cramer said he's been warming up to Garner's research and would follow her lead when it comes to oil prices.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on those who feel there's a bubble forming in high-yielding stocks. He recalled how on last night's "Mad Money" he told an 80-year-old woman that
Johnson & Johnson
would be a good replacement for her expiring bank CDs. It's this kind of investor, he said, that makes the bubble thesis irrelevant.