Cramer said perhaps the only stock the markets don't like at the moment is
(AAPL), another Action Alerts PLUS name. He said that's ironic since before a few months ago Apple was one of the bigger value creators of all time.
For "Speculation Friday," Cramer recommended, of all things, a mortgage insurer. He said that after years of being toxic,
(RDN - Get Report) may now be in a position to make up for its prior sins.
The mortgage insurers were among the biggest losers of the financial crisis, said Cramer, as millions of homeowners defaulted on their loans, sending many insurers into bankruptcy themselves. But now that the crisis has passed and lending standards have tightened, Cramer said this group won't stay dead forever -- which is why shares of Radian have rallied 250% from their lows.
The fact of the matter is that as housing recovers, it's doing so with fewer mortgage insurers still standing, and those that remain are in far better shape than they were before 2008. That's why Radian, which was the number three player, is now solidly number one, having written $37 billion in policies in 2012, an increase of 139%.
Radian is at an inflection point, said Cramer. The company expects to return to profitability this year and possibly even this quarter. With a book value of $14 a share, he said shares of Radian Group won't be trading at $8 for long.
In the Lightning Round, Cramer was bullish on
Bank of America
Cramer was bearish on
Permian Basin Royalty Trust
In the "Mad Mail" viewer feedback segment, Cramer followed up on
, which stumped him during an earlier show. He said he was too conservative in not recommending the stock in November, but sometimes being conservative means missing some upside.
Cramer was bearish on
, saying this company has exposure to both government spending and Europe, so he'd be taking profits. He was also bearish on
, owners of Outback Steakhouse among other chains, saying the company is fully valued and he'd only be interested under $16 a share.
When asked about
, Cramer said he's not a fan at the moment. Likewise with
. Cramer noted he's grown tired of the "big data theme" for the moment.
In the "Executive Decision" segment, Cramer spoke with Michael Landy, chief operating officer of
Monmouth Real Estate
(MNR - Get Report)
, an industrial real estate investment trust with a 5.6% yield. Monmouth delivered a three-cent-a-share earnings beat on Feb. 7 and currently has a 94% occupancy rate for its properties.
Landy said that Monmouth's strategy is to only focus on investment-grade tenants, which gives his company an "all star" lineup of blue-chip tenants including FedEx, which leases many facilities from Monmouth. Landy said FedEx has worked with Monmouth for over 20 years and has a solid, long-term relationship, which is one of his company's biggest strengths.
That's why Monmouth weathered the recession fairly unscathed and was able to sustain its earnings without cutting its dividend. There were no outward signs of recession at Monmouth, Landy said. The growth of Internet commerce continues to be a big driver for companies like FedEx, he said, which translates into continued earnings for Monmouth.
When asked about the possibility of a dividend increase in the future, Landy confirmed that Monmouth has many projects in its pipeline that can produce additional revenue.
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-- Written by Scott Rutt in Washington, D.C.
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