Baldanza also said Spirit is one of the few airlines that's actually run like a business. He said the company has good margins and is profitable in every city it services.
When asked how industry consolidation affects Spirit's operations, Baldanza said consolidation has stabilized the airline industry by reducing over-capacity and eliminating some of the most cut-throat competition, allowing for all the airlines to run their businesses better and more profitably.
Cramer said that after endorsing airline stocks for the first time in decades last week, Spirit is one of the best picks in this re-emerging industry.
With retail sales continuing to roar, Cramer revisited his "Great Gatsby" index of luxury stocks, expanding the list with six new names including Toll Brothers (TOL), builders of high-end homes; Brunswick (BC), makers of boats and recreational vehicles; Saks (SKS) and Coach (COH), in the retail and accessory space, along with Tiffany (TIF) for jewelry and Estee Lauder (EL) for makeup.Cramer said his original index, which included Whole Foods (WFM) and Michael Kors (KORS), has lagged the S&P 500 by a hair and also lacked the diversification for a true gauge of spending by the wealthy. He said by adding these names, the index now better represents all high-end goods. Cramer said Saks, Coach and Tiffany complement his original set of retailers, while Brunswick is the quintessential discretionary spending company. Estee Lauder is the premier beauty player, he added, while Toll Brothers has been his favorite high-end home builder for years. By adding all of these names, Cramer concluded, investors can now use the entire Gatsby index to better see exactly where the high-end of retail is heading.
Lightning RoundIn the Lightning Round, Cramer was bullish on Micron Technology (MU), CVS Caremark (CVS) and Cummins (CMI). Cramer was bearish on Sprint Nextel (S), Pacira Pharmaceuticals (PCRX) and JC Penney (JCP).
Am I Diversified?In the "Am I Diversified" segment, Cramer spoke with callers and responded to tweets sent via Twitter to @JimCramer to see if investors' portfolios have what it takes for today's markets. The first portfolio included: Abbott Laboratories (ABT), Berkshire Hathaway (BRK.B), Conoco-Phillips (COP), McDonald's (MCD) and Pulte Homes (PHM). Cramer blessed this portfolio as perfectly diversified. The second portfolio's top holdings included: Pepsico (PEP), Merck (MRK), Oracle (ORCL), Emerson Electric (EMR) and Suncor Energy (SU). Cramer said this portfolio was also properly diversified. The third portfolio had: CenterPoint Energy (CNP), Bristol Myers-Squibb (BMY), General Electric (GE), Waste Management (WM) and Kellogg (K) as its top five stocks. Cramer said he was also a fan of this portfolio.
No Huddle OffenseIn his "No Huddle Offense" segment, Cramer once again made the suggestion that Apple (AAPL), a stock he owns for his charitable trust,
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