When asked about the effects of Hurricane Sandy on the building supply market, Fulton explained it will take time for the rebuilding effort to get into full swing. He said demand is already strong for both lumber and oriented strand board, or OSB, products, and that will continue as the building season gets underway.
Similarly, Fulton said Japan's rebuilding efforts after the tsunami there of a few years ago have also been slow to get underway because the primary concerns were for emergency shelter followed by the need to rebuilt infrastructure, both of which needed to be completed before a big rebuild in housing.
Cramer said that perhaps he sold Weyerhaeuser too soon as the company seems poised for a very strong 2013.
Herbalife Is Unhealthy
How can investors win big on the battle that has become
(HLF - Get Report)? Cramer said by staying as far away as possible and watching the fireworks from a safe distance.
Cramer explained that as the battle between billionaires Bill Ackman and Carl Icahn rages on, there's absolutely no way for regular investors to know what comes next. He said Ackman, who has accused Herbalife of fraud and is short the stock, has stated he expects shares to fall to zero. But that depends on the government stepping in and indicting the company, said Cramer, something that may or may not happen.
As for Icahn, he's likely betting that Herbalife will either buy back a ton of shares or get a takeover bid, thereby forcing a short squeeze to wipe out Ackman. Cramer said this is why the fight is no longer over the fundamentals of Herbalife, but rather how the bad blood between these billionaires ail resolve itself.
In the Lightning Round, Cramer was bullish on
Invesco Mortgage Capital
National Oilwell Varco
Bank of America
Big on Chips
In the second "Executive Decision" segment, Cramer spoke with T.J. Rodgers, president and CEO of
(CY - Get Report)
, a sub-$10 stock that now 4.4%. Cypress manufactures programmable systems on a chip as well as controllers for touch screens and other devices.
Rodgers said there's still a big market for semiconductors, but what's changed is who's buying them. He said smartphones now rule the roost. When the economy turns, people stop buying phones, which feeds all the way to the chip manufacturers in short order. He said that while Cypress has always been run as a lean company, it is still working hard to cut additional costs from their balance sheet.
When asked about the company's dividend, Rodgers said Cypress will continue to pay one but the company has also bought back a lot of stock, even incurring some debt to do so. Rodgers said the buyback was the right thing to do as the stock was undervalued.
Cramer said investors who feel the world's economy has bottomed should do their homework because Cypress should be one of the companies to benefit from a global recovery.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on the notion that weakness in a stock is a buying opportunity. He said that companies like
are just two of many examples of stocks that blew up, only to recover in short order.
Need more examples? How about
Procter & Gamble
? Cramer said it's clear that this market forgives, forgets and then proceeds higher. These two and Schlumberger are also Action Alerts Plus holdings.
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-- Written by Scott Rutt in Washington, D.C.
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